Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.5 yrs |
|---|---|
| Avg HH Size | 2.70 |
| Below Poverty | 3.6% ▼ 64% below avg |
| College Grads | 76.7% ▲ 98% above avg |
| Unemployment | 4.0% ▼ 18% below avg |
| No HS Diploma | 88 (0.6%) |
| HS Graduate | 1,589 (10.1%) |
| Some College | 804 (5.1%) |
| Associates | 1,185 (7.5%) |
| Bachelors | 641 (4.1%) |
| Graduate Degree | 11,393 (72.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $177,986 ▲ 133% above avg |
|---|---|
| Median Home Value | $958,700 ▲ 244% above avg |
| Home/Income Ratio | 5.4x (nat avg ~3.5x) |
| Median Rent | $2,209/mo |
| Total Housing Units | 9,477 |
| Vacant Units | 473 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summit is a city in New Jersey, located in Union County. The city spans 2 ZIP codes and is home to approximately 24,502 residents. It is a middle-aged city, with a median age of 40.5 years.
Economically, Summit is a affluent community. The median household income of $177,986 is more than double the national average. Approximately 3.6% of residents live below the poverty line. The unemployment rate is 4.0%, below the national average.
The real estate market in Summit is among the most expensive housing markets in the country. Median home values stand at $958,700, which is more than double the national average. Renters typically pay around $2,209 per month. Homeownership is high at 69.0%, typical of suburban and family-oriented communities.
The population of Summit is highly educated. 76.7% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (66.33%).
Summit, NJ offers residents above-average earning potential within New Jersey. Spread across 2 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07901 | 24,502 | $177,986 | $958,700 | $2,209 | 4.0% | 76.7% | 69.0% |