Summit is a medium-sized city located in the state of New Jersey. With a population of 22,342 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.
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 17.89% 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
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 30.90 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.
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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Summit. 71.81% 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 2022 was $104,469, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $417,876 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 11.89% of the city’s residents. Important ancestries of people in Summit include Irish, Italian, German, English, and Polish.
Foreign born people are also an important part of Summit's cultural character, accounting for 21.09% of the city’s population.
The most common language spoken in Summit is English. Other important languages spoken here include Spanish and Chinese.