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ZipNumbers

New Jersey · Census place 71430

Summit city, NJ

Quick answer

Summit city has 22,512 residents, ranking #47 of 700 places in New Jersey. Median household income is $199,107, the median home is worth $969,900 and median gross rent runs $2,308 a month.

Population
22,512Summit city residents
Median household income
$199,107Past 12 months, inflation adjusted
Median home value
$969,900Owner-occupied units
Median gross rent
$2,308Rent plus utilities, monthly
Median age
40.6 yrsAll residents
Homeownership rate
71.8%Owner-occupied households

What the numbers mean in Summit city

Housing cost measured against local earnings.

A household earning the Summit city median would spend about 13.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.9% of residents and 71.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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