Moving to Madison: Pros, Cons & What to Know

Moving to Madison, New Jersey means moving to a real, genuinely affluent Morris County college-town suburb built around Drew University and FDU's historic Florham Campus, a real "Rose City" identity, and a genuinely favorable property-tax position within an otherwise high-tax state.

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A genuine, distinct two-university anchor

Drew University sits directly in Madison (2,232 students, 2024-2025, 65% in-state), while Fairleigh Dickinson University's Florham Campus -- the historic 178-acre Vanderbilt-Twombly estate, built 1893-1899 by McKim, Mead & White with Olmsted-firm landscape design -- bridges Madison and neighboring Florham Park. Few 'college towns' in this project's roster carry a genuine two-university identity like this.

A real, historically rooted 'Rose City' identity

Madison's 'Rose City' nickname dates to its 1889 incorporation, tied to a genuine commercial rose-growing and greenhouse industry (cultivation from 1856) that shipped millions of cut roses by rail to New York's florist trade. The last greenhouses closed in the 1970s, but the identity persists in the town's logo, street names (Rose Avenue, Greenhouse Lane), and local business names.

A genuinely favorable property-tax position for a mover to weigh

Madison's own 2.06% effective property-tax rate (Ownwell) runs below both the Morris County median (2.60%) and New Jersey's own nation-leading statewide average (1.88%-2.23%) -- a real, disclosed advantage local reporting partly attributes to Madison's municipally owned electric utility. Absolute tax bills remain real and substantial given Madison's high property values, even at this comparatively favorable rate.

Real Midtown Direct rail access

Madison's Morristown Line station offers no-transfer Midtown Direct service to New York Penn Station and Hoboken, roughly 55 minutes one-way, with service about every 30 minutes at rush hour -- a real, substantial commuter draw for anyone relocating for a New York-area job.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.