Summit is a medium-sized city located in the state of New Jersey. With a population of 22,074 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 91.26% 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 (19.01%), business and financial occupations (14.46%), and sales jobs (11.80%).
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.
A relatively large number of people in Summit telecommute to their jobs. Overall, about 7.36% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
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.
In Summit, however, the average commute to work is quite long. On average, people spend 31.72 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
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. 70.55% 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 2010 was $77,110, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $308,440 for a family of four. However, Summit contains both very wealthy and poor people as well.
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 13.15% of the city’s residents. Important ancestries of people in Summit include Italian, German, English, and Polish.
Foreign born people are also an important part of Summit's cultural character, accounting for 22.08% of the city’s population.
The most common language spoken in Summit is English. Other important languages spoken here include Spanish and Chinese.