Most of Morristown is in Morris County, where a full-time job needs to pay at least $64.96 an hour before taxes to take home four times the typical studio rent.
Across the 3 ZIP codes in Morristown with HUD rent figures, studio rents run from $1,870 to $2,450 a month. At the middle rent, $1,870, a full-time job would need to pay $64.56 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 07960 | Morris County | $2,450/mo | $88.11/hr |
| 07962 | Morris County | $1,870/mo | $64.56/hr |
| 07963 | Morris County | $1,870/mo | $64.56/hr |
Under the Four Times Rent standard, a full-time job in Morristown needs to pay at least $64.96 an hour before taxes, about $135,125 a year. That is the figure for Morris County, where the typical studio rent is $1,880 a month.
Yes. Across the 3 ZIP codes in Morristown with HUD rent figures, studio rents run from $1,870 to $2,450 a month. At the middle rent of $1,870, the pay needed would be $64.56 an hour.
The minimum wage in Morris County is $15.92 an hour. The Four Times Rent standard there is 4.1 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads