Pros and Cons of Living In Summit, New Jersey. Is Summit, NJ a Nice Place To Live or Retire?

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Summit, New Jersey

Moving to Summit In New Jersey ? Is Summit, NJ a Nice Place To Live? Pros and Cons of Living in Summit, New Jersey. Find out the best and worst about to live, raise a family or retire in Summit.

DEMOGRAPHICS

Population
21913
Unemployment
5.7%
21% NAT AVG.
Poverty
5.1%
64% NAT AVG.
Cost Of Living
185
85% NAT AVG.

ECONOMICS

Median Home Cost
$831700
262% NAT AVG.
Median Income
$142845
112% NAT AVG.
Median Rent
$1962
69% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
206
60% NAT. AVG.
31% STATE AVG.
Violent Crime
4
95% NAT. AVG.
91% STATE AVG.
Property Crime
202
53% NAT. AVG.
20% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 20
Unemployed People
1 in 18
People Earning < $10,000
1 in 48
People Earning < $50,000
17.5%
People With Any Degree
1 in 1.4

ETHNICITY

Ethnicity Summit USA
White 70.6% 60.1%
African American 5.9% 12.2%
American Indian 0% 0.6%
Asian 8.3% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.2% 2.8%
Hispanic 11.5% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Summit USA
Less than $10,000 2.1% 5.8%
$10,000 to $14,999 0.8% 4.1%
$15,000 to $24,999 6.7% 8.5%
$25,000 to $34,999 2.3% 8.6%
$35,000 to $49,999 5.6% 12.0%
$50,000 to $74,999 9.7% 17.2%
$75,000 to $99,999 13.1% 12.8%
$100,000 to $149,999 10.6% 15.6%
$150,000 to $199,999 9.2% 7.1%

EDUCATION

Education Summit USA
< 9th Grade 3% 5.0%
9-12th Grade 2% 7.0%
High School or GED 14% 27.0%
Other College 8% 20.0%
Associate's Degree 3% 9%
Bachelor's Degree 34% 20.0%
Master's Degree 22% 9.0%
Professional Degree 9% 2.0%
Doctorate Degree 5% 1.0%
Summit is a city in New Jersey state in USA with a population of 21913 residents.. The poverty rate of Summit is 5.1%, which is 64% lower than national average. The typical household in Summit earns $142845 a year, compared to the national median of $67,500. Nearly 17.5% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Summit remained 5.7%, which is 21% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Summit is 185, which is 85% higher than national average. In Summit, only 70% of adults have a bachelor's degree and 11% have some college but no degree. Median home value in Summit is $831700 , which is 262% higher than national average. While median income in Summit remained $142845, which is 112% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Summit Scorecard

Jobs85%

Housing100%

Affordability60%

Safety85%

Amenities90%

Diversity85%

Education90%

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