Hamblen County · Tennessee · South · 32k residents
Morristown, TN: economy, jobs & business costs
The site-selection read on Morristown: labor costs, talent, corporate tax, energy, and business activity, with the Tennessee median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,016/wk. Tennessee's corporate income tax rate is 6.5%. Commercial electricity averages 12.1¢/kWh.
Compare Morristown side by side
Avg. weekly wage
$1,016/wk
Corporate income tax
6.5%
Bachelor's degree or higher
15%
Commercial electricity
12.1¢/kWh
Economic momentum
How fast Morristown's economy is moving, ranked against the US cities we track.
23/100
Cooling
Ranks Morristown's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $181,100 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.65% |
| 1-bedroom rent | $625/mo |
| 2-bedroom rent | $936/mo |
| State & local income tax | 0% |
| Sales tax | 9.55% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,016/wk |
| Bachelor's degree or higher | 15% |
| Commercial electricity | 12.1¢/kWh |
| Businesses per 1k residents | 22.8/1k |
| Wage: Software developer | $102,390 |
| Wage: Registered nurse | $75,680 |
| Wage: General manager | $93,420 |
| Wage: Customer service | $37,570 |
| Wage: Warehouse worker | $31,000 |
| Wage: Heavy truck driver | $67,330 |
| Wage: Electrician | $57,170 |
| Wage: Retail salesperson | $31,750 |
| Cost of living index | 78 |
| Groceries index | 96 |
| Utilities | $160/mo |
| Transit pass | $65/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $900/mo |
| Median household income | $47,917 |
| Unemployment rate | 3.3% |
| Population | 32k |
| Crime index | 70/100 |
| School rating | 5.3/10 |
| Walkability | 30/100 |
| Disaster risk | 47/100 |
| Avg. commute | 26 min |
| Sunny days / year | 205 days |
| July high | 86°F |
| January low | 27°F |
| Annual snowfall | 9 in |
| Home price YoY | +4.3% |
| Home price MoM | +0.1% |
| Rent YoY | +4.9% |
| Rent MoM | +0.4% |
| Employment (jobs) YoY | -1.3% |
| Building permits YoY | -16.2% |
| Ocean coast | 303 mi |
| Big lake | 47 mi |
| Mountains | 46 mi |
| Major airport | 48 mi |
| Ski resort | 37 mi |
Popular comparisons
Nearby
- Greeneville, TN · 16k
- Sevierville, TN · 18k
- Seymour, TN · 16k
- Knoxville, TN · 195k
- Maryville, TN · 32k
Similar size
- Oak Ridge, TN · 33k
- Bristol, TN · 28k
- Cookeville, TN · 36k
- Shelbyville, TN · 25k
- Farragut, TN · 25k
Real listings in Morristown
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Morristown a good place to run a business?
- Tennessee's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,016/wk; commercial electricity averages 12.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Morristown, TN?
- Morristown indexes at 78 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $936/mo and a acs median home value of $181,100.
- How much does a house cost in Morristown?
- The acs median home value in Morristown is $181,100 (Census ACS estimate; individual listings vary).
- How much is rent in Morristown?
- A two-bedroom in Morristown rents for about $936/mo.