Morristown is located in south Minnesota. Morristown is between the Rice, Waseca county. Morristown has 1.02 square miles of land area and 0.01 square miles of water area. As of 2010-2014, the total Morristown population is 928, which has shrunk 5.40% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Morristown median household income is $46,250 in 2010-2014 and has grown by 26.58% since 2000. The income growth rate is lower than the state average rate of 29.12% and is about the same as the national average rate of 27.36%. Morristown median house value is $118,000 in 2010-2014 and has grown by 44.61% since 2000. The house value growth rate is lower than the state average rate of 51.31% and is 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 close to the state average in quality. The Morristown area code is 507.