Cost of Living In Summit, New Jersey - Is Summit Cheap Place To Live?

How expensive is it to live in Summit, New Jersey?
Is it very expensive to live in Summit, New Jersey? How much money do you need to live comfortably in Summit? Let's find out. The cost of living index is based on a national average of 100. An amount below 100 means Summit, New Jersey is cheaper than the US average. A cost of living index above 100 means Summit, New Jersey is more expensive. Summit, New Jersey cost of living is 185. Which is 85% higher than US average.
Median Home Cost
$831700
262% NAT AVG.
Median Income
$142845
112% NAT AVG.
Median Rent
$1962
69% NAT AVG.
Cost Of Living
185
85% NAT AVG.
Cost of Living
Expense Summit New Jersey National Avg.
Services 106 107 100
Groceries 113 107 100
Health 102 100 100
Housing 363 160 100
Transportation 108 106 100
Utilities 94 98 100
Cost of Living
Cost of Living Calculator

You can enter an amount and the Cost of Living Calculator will determine how much more (or less) you would need to maintain the same standard of living if you are relocating to another city. It takes into consideration current prices in your current city and the city you are considering for relocation. If you enter how much you need for living in the current city, you'll get an approximate information how much you will need in another city. This tool allows comparison for over 5000 cities in USA.