Cost of Living in Morristown, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.2
100 = national avg
+11.2 vs national average
Living Wage (1 Adult)
$48,915
per year
Living Wage (Family of 4)
$115,618
per year
Cost Index by Category
Housing113.5
Food106.9
Transportation113.9
Healthcare105.5
Utilities106.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$905
per month
2 Bedroom
$1,187
per month
The overall cost of living index in Morristown is 111.2, which is 11.2% above the national average. Housing costs are above the national average at an index of 113.5. A single adult needs to earn approximately $48,915 per year to cover basic expenses.