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The median household income in Morristown was $72,421 in 2021, which marked an a decrease of 10,833(13.01%) from $83,254 in 2020. This income is 97.07% 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 45 to 64 years old, at $84,041. Overall, the median household income for the village of Morristown stands at $72,421.
In Morristown, the median income for all workers aged 15 years and older, regardless of work hours, was $29,320 for males and $26,122 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,331 for males and $40,174 for females.
In Morristown, population is primarily represented by White households, reporting a median income of $72,061.
In 2021, the population of Morristown was 404, a 0.25% decrease year-by-year from 2020. Previously, in 2020, Morristown's population was 405, an increase of 6.86% compared to a population of 379 in 2019.
The median age in Morristown, NY is 53.2, as per 2021 ACS 5-Year Estimates. Of the total population, 10.96% were under the age of 15, 12.10% aged 15 to 29, 51.37% aged 30 to 64, 21.69% aged 65 to 84, and 3.88% were 85 years of age and older.
The total population of Morristown is estimated to be 438 with 166 males (37.90%) and 272 females (62.10%). There are 106 more females than males in Morristown.
Racial distribution of Morristown population: 86.07% are White, 5.94% are Black or African American, 0.46% are Asian, 2.28% are some other race and 5.25% are multiracial.