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Morristown, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

During the 2020–2024 ACS period, Morristown, Minnesota had a total population of 1,265, the 326th largest city in Minnesota, with a median household income of $83,059, which is 7% lower than the state average. The poverty rate is 15.1%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Morristown Quick Facts

Population 1,265
Median Household Income $83,059
Median Home Value $184,800
Poverty Rate 15.1%
Unemployment Rate 5.1%
Median Age 36.7 years
Homeownership Rate 76.7%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 11.7%
High School Graduation Rate 88.5%
Diversity Index 31/100
Population 1,265 326th of 914
Median Income $83,059 above average
Poverty Rate 15.1% 22% higher than national
Median Home Value $184,800 average

How Morristown Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population9821,265+28.8%
Median household income$74,479$83,059+11.5%
Median home value$175,600$184,800+5.2%

How Morristown Compares

Economy & Housing

Household Income Distribution

Under $25K 9.2%
$25K-$50K 21.4%
$50K-$100K 39.8%
$100K+ 29.5%
Detailed income brackets
Under $10K
3.4%
$10K-$15K
0.4%
$15K-$20K
4.5%
$20K-$25K
0.9%
$25K-$30K
2.1%
$30K-$35K
4.7%
$35K-$40K
3.0%
$40K-$45K
7.5%
$45K-$50K
4.1%
$50K-$60K
3.2%
$60K-$75K
6.2%
$75K-$100K
30.4%
$100K-$125K
8.6%
$125K-$150K
5.6%
$150K-$200K
8.8%
$200K+
6.6%

Employment

5.1% Unemployment Rate State: 4.1%|National: 5.2%
72.5% Labor Force Participation

Housing Overview

Owner 76.7%
Renter 23.3%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $1,018/mo 14.7% of median household income annually

People & Demographics

Diversity Index

31out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Morristown Rankings in Minnesota

#326 Population of 914
#285 Median Income of 887
#725 Education of 914
#409 Home Value of 870

Other Cities in Rice County

CityPopulationMedian IncomePovertyHome Value
Faribault 24,631 $61,449 16.4% $241,500
Lonsdale 4,896 $95,176 1.3% $357,000
Dundas 1,916 $116,310 1.9% $325,800
Warsaw 560 $93,750 6.6% $301,500
Dennison 223 $55,000 4.5% $211,400
Nerstrand 215 $85,833 9.8% $211,100

Cities Similar to Morristown

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Spicer1,222$77,969$294,70029.9%7.7%
Madison Lake1,322$87,727$303,10040.2%6.8%
Adrian1,236$73,438$165,50023.3%7.7%
Starbuck1,235$72,583$168,30015.2%10.3%
Atwater1,203$71,042$159,90018.0%5.5%

Population Overview

Morristown is a small community located in Minnesota, within Rice County. The total population is 1,265. It ranks as the 326th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Morristown is 36.7 years. This is 5% lower than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Morristown is $83,059. This is 7% lower than the state median of $89,062. It is also 3% higher than the national median of $80,734. The poverty rate stands at 15.1%. This is 63% higher than the state poverty rate of 9.3%. The unemployment rate is 5.1%. This is 25% higher than the state rate of 4.1%. The median home value is $184,800. Housing costs are 44% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.2x, Morristown is one of the most affordable housing markets in the area. 76.7% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 72.2%.

Race & Ethnicity

The largest racial or ethnic group in Morristown is White (non-Hispanic), making up 82.0% of the population. Hispanic or Latino residents account for 10.9%. The Hispanic or Latino population is significantly higher than the state average (10.9% vs 6.4%).

Education

11.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.5%.

Data Sources & Methodology

All demographic data for Morristown, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Morristown, Minnesota?

Morristown, Minnesota has a population of 1,265 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Morristown, MN?

The median household income in Morristown is $83,059, which is 3% higher than the national median of $80,734.

What is the poverty rate in Morristown, MN?

The poverty rate in Morristown is 15.1%. This means approximately 189 residents live below the federal poverty line.

What is the racial makeup of Morristown, Minnesota?

Morristown's population is 82.0% White, 0.0% Black, 10.9% Hispanic/Latino, and 6.0% Asian.

What is the median home value in Morristown, MN?

The median home value in Morristown is $184,800. The home-value-to-income ratio is 2.2x.

How educated is Morristown, Minnesota?

11.7% of adults (25+) in Morristown hold a bachelor's degree or higher, and 1.3% hold a graduate or professional degree.