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Cost of Living in Summit, NJ

209.6
Very Expensive · National average is 100

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$176,702
Median Income
$2,222/mo
Median Rent
$907,900
Median Home
22,555
Population

Cost Breakdown

🏠Housing
232.8
0Nat'l Avg (100)200
🛒Groceries
200.6
0Nat'l Avg (100)200
🚗Transportation
185.3
0Nat'l Avg (100)200
🏥Healthcare
180.3
0Nat'l Avg (100)200
⚡Utilities
211.4
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$1,733
est.
$1,955
est.
$2,222$2,844
est.
$3,244
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Summit with cities in the area

Chatham, NJ
Very Expensive
213.5
Mountainside, NJ
Very Expensive
224.6
New Providence, NJ
Very Expensive
174.1
Florham Park, NJ
Very Expensive
204.6
Westfield, NJ
Very Expensive
206.1
Madison, NJ
Very Expensive
200.1
Compare Summit vs ChathamCompare Summit vs MountainsideCompare Summit vs New Providence