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The total population of Morristown is estimated to be 20,126 with 9,791 males (48.65%) and 10,335 females (51.35%). There are 544 more females than males in Morristown.
The median household income in Morristown was $121,678 in 2021, which marked an a decrease of 4,248(3.37%) from $125,926 in 2020. This income is 163.09% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Morristown sees its highest median household income among householders in the age group of 25 to 44 years old, at $136,535. Overall, the median household income for the town of Morristown stands at $121,678.
In Morristown, the median income for all workers aged 15 years and older, regardless of work hours, was $71,138 for males and $55,791 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $91,144 for males and $79,822 for females.
In Morristown, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $184,353, while Black or African American households represent the opposite end with the lowest median household income of $58,352.
In 2022, the population of Morristown was 20,339, a 0.30% increase year-by-year from 2021. Previously, in 2021, Morristown's population was 20,279, an increase of 0.76% compared to a population of 20,127 in 2020.
The median age in Morristown, NJ is 33.9, as per 2021 ACS 5-Year Estimates. Of the total population, 12.95% were under the age of 15, 28.10% aged 15 to 29, 45.46% aged 30 to 64, 11.29% aged 65 to 84, and 2.20% were 85 years of age and older.
Racial distribution of Morristown population: 69.54% are White, 7.28% are Black or African American, 0.09% are American Indian and Alaska Native, 4.81% are Asian, 5.40% are some other race and 12.87% are multiracial.