College Costs in Morristown, NJ 2026
Compare tuition, housing, and financial aid across 2 colleges in Morristown, New Jersey. Use our free calculator to estimate your total cost.
Avg Public Tuition
$16,200
per year
Avg Private Tuition
$40,000
per year
Avg Rent Near Campus
$1,281
per month
Colleges & Universities
2
institutions
Morristown Overview
Population
19,438
Student Population
1,385 (7.1%)
Cost of Living Index
110.8 (avg: 100)
Walk Score
47/100
Transit Score
24/100
Unemployment Rate
4.3%
College Cost Calculator for Morristown
Cost Inputs
Total Cost (4 Years, Public In-State)
$123,400
Total After Financial Aid
$123,400
Annual Cost
$30,850
Annual After Aid
$30,850
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $123,400 |
| Monthly Payment | $1,401 |
| Total Interest | $44,742 |
| Total Loan Cost | $168,142 |
Universities in Morristown
| University | Type | Annual Tuition |
|---|---|---|
| Morristown State University | Public | $15,451 |
| Morristown Community College | Community | $5,858 |
Morristown has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Morristown vs. National Average
| Category | Morristown | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $16,200 | $10,940 | +$5,260 |
| Monthly Rent Near Campus | $1,281 | $1,050 | +$231 |
| Cost of Living Index | 110.8 | 100 | +10.799999999999997 |
Morristown's cost of living is above the national average. Students should budget accordingly and consider off-campus housing options to reduce expenses.
Student Life in Morristown
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,385 students
Morristown has a total population of 19,438, with approximately 1,385 college students (7.1% of the population). While not primarily a college town, Morristown offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Morristown
$57,302
Starting Salary
4.3%
Unemployment Rate
52%
Graduation Rate
~6 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Morristown earn a median starting salary of $57,302, which is $22,302 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $123,400 (including room and board), it would take approximately 6 years of the salary premium to recoup the investment. With average financial aid of $13,914 per student per year, the net cost and payback period can be significantly reduced.
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