Summit, NJ
22,705Residents
$190,304Median household income
$2,430/moMedian gross rent
$994,500Median home value
41.8Median age
73%Adults with a bachelor’s degree or higher
68%Homes lived in by their owners
5.2×Home value to household income
Median rent takes about 15% of the median household income in Summit.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $97,000 a year. In New Jersey that leaves roughly $6,018 a month after tax. See the full paycheck breakdown for $95,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.