Cost of Living in Morris County, New Jersey
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Morris County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Morris County, New Jersey
Morris County earners manage premium rents
Morris County's 16.5% rent-to-income ratio—New Jersey's second-best—reflects a median household income of $134,929 paired with a median rent of $1,860. This highest median income in the analysis absorbs above-state-average rents, positioning Morris as a premier county for affluent renters.
Morris ranks second in Jersey affordability
At 16.5%, Morris's rent-to-income ratio trails only Hunterdon (14.7%) among New Jersey counties, well below the state average of 19.1%. With the state's highest median income at $134,929, Morris residents face the lightest housing burden relative to earnings.
Highest income, manageable rents
Morris's median income of $134,929 leads all counties analyzed, exceeding Hunterdon by nearly $5,500, while its $1,860 median rent ranks among the state's highest. For high earners, Morris's expensive rents feel effortless thanks to superior paychecks.
Wealth makes premium housing affordable
Renters pay $1,860 monthly while homeowners face $2,573—the state's highest owner costs—yet the median household income of $134,929 absorbs both comfortably. Housing costs claim just 16.5% of Morris income, leaving significant room for investment, education, and discretionary spending.
Premier county for high earners
Morris County is ideal for households earning $130,000+, offering New Jersey's best school systems, highest incomes, and manageable affordability ratios despite premium housing costs. If you're relocating with strong earning power, Morris delivers the state's most exclusive suburban living at the best relative value.
Affordability Calculator
See how your income compares to housing costs in Morris County
Rent Burden
16.5%
of gross income
Max Housing (28% Rule)
$3,148
per month
Owner Cost Burden
22.9%
of gross income
The median home in Morris County may be a stretch
Median home value is $557,000. Estimated monthly cost: $4,447 vs. your max of $3,148.
Rent Affordability Guide
Frequently Asked Questions
What is the cost of living in Morris County, New Jersey?
What is the median rent in Morris County?
Is Morris County affordable?
How does Morris County's rent compare to the state average?
What is the median home value in Morris County?
Planning a Move?
Researching the cost of living in Morris County, New Jersey? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCounties with Similar Housing Costs
Compare Mortgage Rates in Morris County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.