Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.8 yrs |
|---|---|
| Avg HH Size | 2.40 |
| Below Poverty | 8.4% ▼ 16% below avg |
| College Grads | 35.1% ▼ 9% below avg |
| Unemployment | 3.9% ▼ 20% below avg |
| No HS Diploma | 13 (1%) |
| HS Graduate | 455 (34.8%) |
| Some College | 193 (14.7%) |
| Associates | 188 (14.4%) |
| Bachelors | 220 (16.8%) |
| Graduate Degree | 240 (18.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $78,375 ≈ Avg |
|---|---|
| Median Home Value | $266,700 ≈ Avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,161/mo |
| Total Housing Units | 886 |
| Vacant Units | 118 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Morristown is a city in Minnesota, located in Rice County. The city spans 1 ZIP code and is home to approximately 1,894 residents. It is a middle-aged city, with a median age of 43.8 years.
Economically, Morristown is a middle-income community. The median household income of $78,375 is near the national average. Approximately 8.4% of residents live below the poverty line. The unemployment rate is 3.9%, below the national average.
The real estate market in Morristown is a mid-range housing market. Median home values stand at $266,700, which is near the national average. Renters typically pay around $1,161 per month. Homeownership is high at 84.9%, typical of suburban and family-oriented communities.
The population of Morristown is moderately educated. 35.1% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.93%).
Morristown, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55052 | 1,894 | $78,375 | $266,700 | $1,161 | 3.9% | 35.1% | 84.9% |