Morristown is located close to the center of Indiana. Morristown is between the Shelby, Hancock, Rush county. Morristown has 2.35 square miles of land area and 0.02 square miles of water area. As of 2010-2014, the total Morristown population is 1,329, which has grown 17.30% since 2000. The population growth rate is much higher than the state average rate of 7.60% and is much higher than the national average rate of 11.61%. Morristown median household income is $41,797 in 2010-2014 and has grown by 14.77% since 2000. The income growth rate is lower than the state average rate of 17.25% and is much lower than the national average rate of 27.36%. Morristown median house value is $90,400 in 2010-2014 and has grown by 11.06% since 2000. The house value growth rate is much lower than the state average rate of 30.12% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Morristown is better than the state average in quality. The Morristown area code is 765.