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.

A relatively large number of people in Summit telecommute to their jobs. Overall, about 7.70% 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 great place for families with children to consider. First of all, many other families with children live here, making Summit a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Summit has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Summit’s overall crime rate is lower than average for the country.

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.

Although the majority of commuting trips in the city are by private automobile, Summit is somewhat unusual for a city of its size for having a substantial number of people who use public transportation. For a lot of people, the train helps to get to and from their jobs every morning, which benefits everyone in the Summit area by reducing both traffic and air pollution.

If knowledge is power, Summit is a pretty powerful place. 70.98% of the adults in Summit have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

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.

Summit also has a high percentage of its population that was born in another country: 23.61%.

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