Summit, NJ
Population 22,512 · New Jersey
About Summit, NJ
Summit is a mid-sized city in New Jersey with a population of 22,512 residents. The median household income is $199,107 per year, which is above the national average. The median age in Summit is 40.6 years.
Housing in Summit has a median home value of $969,900 and median monthly rent of $2,308. Of the 8,603 total housing units, the majority are owner-occupied, with 5,836 owner-occupied and 2,294 renter-occupied units.
The unemployment rate in Summit is 4.3% and the poverty rate is 3.9%. 72.7% of residents hold a bachelor's degree or higher. The average commute time is 34.8 minutes.
How Summit Ranks in New Jersey
Cost of Living in Summit, NJ
Compared to national averages, Summit has a median household income of $199,107 (165% above the national median of $75,149). Home values average $969,900, which is 296% above the national median. Monthly rent at $2,308 is 98% above the US average of $1,163. Within New Jersey, Summit's income is 72% above the state average of $115,667, and home values are 107% above the state median of $469,644.
Why Live in Summit, NJ?
Summit offers a strong local economy with a median household income of $199,107, well above the national average, and a well-educated community where 72.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $969,900. However, Summit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Summit has a population of 22,512 with a median age of 40.6 years. Compare Summit with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Summit
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roselle | 22,455 | $82,967 | $336,500 | Compare |
| North Plainfield | 22,667 | $83,529 | $350,700 | Compare |
| Hillsborough | 22,302 | $142,275 | $411,400 | Compare |
| Parsippany | 21,869 | $102,152 | $540,800 | Compare |
| Glassboro | 23,375 | $80,388 | $276,900 | Compare |
| Lindenwold | 21,534 | $55,099 | $168,300 | Compare |
| Secaucus | 21,437 | $134,746 | $557,800 | Compare |
| Elmwood Park | 21,287 | $100,852 | $456,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Summit
What is the population of Summit, NJ?
The population of Summit, NJ is 22,512 according to the latest Census data.
What is the median household income in Summit?
The median household income in Summit, NJ is $199,107 per year.
What is the median home value in Summit?
The median home value in Summit, NJ is $969,900.
What is the average rent in Summit?
The median monthly rent in Summit, NJ is $2,308.
What is the unemployment rate in Summit?
The unemployment rate in Summit, NJ is 4.3%.