Madison is a borough in the county of Morris in the state of New Jersey, United States. As of the 2010 United States Census, the population was 15,845, representing a decrease of 685 (4.1 percent) from the 16,530 counted in the 2000 Census, which had in turn increased by 680 (+4.3 percent) from the 15,850 counted in the 1990 Census, which had in turn increased by 680 (+4.3 percent) from the 15,850 counted in the 1990 Census.
Because of Madison's historic train station, which was one of America's very first commuter railways, it attracted wealthy families from neighbouring Manhattan throughout the early twentieth century. It continues to be a popular commuting town for inhabitants who travel to and from New York City each day. The hamlet has a total population of around 18,000 people. In honour of President James Madison, it is referred to as "The Rose City" and was founded in 1836.
Madison was placed 33rd in Money Magazine's 2011 list of the "Best Places to Live," making it the third most highly ranked city in New Jersey and the second most highly ranked city in Morris County, after Montville, according to the publication. Madison was named the "Best Place to Live" in New Jersey by the magazine New Jersey Monthly in its annual survey of the "Best Places to Live" in the state.
Florham Park, Madison, and Convent Station (Morris Township) share a border with three universities, including Drew University, the Florham Campus of Fairleigh Dickinson University, and the College of Saint Elizabeth, which is located in Convent Station. Florham Park, Madison, and Convent Station (Morris Township) are all considered college towns. Madison is home to the Shakespeare Theatre of New Jersey, which is one of the biggest professional Shakespeare companies in North America and one of the largest in the world.