Cost of Living in Morristown, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.2
100 = national avg
-19.8 vs national average
Living Wage (1 Adult)
$35,290
per year
Living Wage (Family of 4)
$83,414
per year
Cost Index by Category
Housing84.4
Food84.3
Transportation68.5
Healthcare87.4
Utilities87.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$887
per month
2 Bedroom
$1,135
per month
The overall cost of living index in Morristown is 80.2, which is 19.8% below the national average. Housing costs are below the national average at an index of 84.4. A single adult needs to earn approximately $35,290 per year to cover basic expenses.