Summit is a medium-sized city located in the state of New Jersey. With a population of 22,344 people and four associated neighborhoods, Summit is the 85th 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.
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.
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 20.05% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
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.
In Summit, however, the average commute to work is quite long. On average, people spend 31.89 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.
Like elsewhere in America, most people in Summit use a private automobile to get to work. But notably, a substantial number of Summit‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.
If knowledge is power, Summit is a pretty powerful place. 72.73% 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 2022 was $110,417, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $441,668 for a family of four.
Summit is an extremely 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 12.04% 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 (17.40%).
The most common language spoken in Summit is English. Other important languages spoken here include Spanish and Chinese.