Summit, NJ
REAL ESTATE & DEMOGRAPHIC DATA






Summit profile


Living in Summit


Summit is a medium-sized city located in the state of New Jersey. With a population of 21,897 people and four constituent neighborhoods, Summit is the 90th largest community in New Jersey.

Summit home prices are not only among the most expensive in New Jersey, but Summit real estate also consistently ranks among the most expensive in America.

Summit is a decidedly white-collar city, with fully 92.76% of the workforce employed in white-collar jobs, well above the national average. Overall, Summit is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Summit who work in management occupations (18.30%), business and financial occupations (12.86%), and sales jobs (10.14%).

Also of interest is that Summit has more people living here who work in computers and math than 95% of the places in the US.

Of important note, Summit is also a city of artists. Summit has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Summit’s character.

Telecommuters are a relatively large percentage of the workforce: 7.70% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Summit is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.

Because of many things, Summit is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Summit really has some of the features that families look for when choosing a good community to raise children. Is Summit perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

One downside of living in Summit, however, is that residents on average have to contend with a long commute, spending on average 33.76 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.

For the size of the city, public transportation in Summit is quite heavily used. Mostly, people who use it for their daily commute are taking the train. For Summit, the benefits are reduced air pollution and congestion on the highways.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Summit. 70.98% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Summit in 2018 was $90,561, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $362,244 for a family of four.

Summit is a very ethnically-diverse city. The people who call Summit home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Summit residents report their race to be White, followed by Asian. Summit also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 13.49% of the city’s residents. Important ancestries of people in Summit include Irish, Italian, German, English, and Polish.

In addition, Summit has a lot of people living here who were born outside of the US (23.61%).

The most common language spoken in Summit is English. Other important languages spoken here include Spanish and Chinese.