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
Compare with nearby places
Places of similar size in New Jersey.
- Somerset CDP 23,851
- Glassboro borough 23,375
- North Plainfield borough 22,667
- Roselle borough 22,455
- Hillsborough CDP 22,302
- Parsippany CDP 21,869
- Lindenwold borough 21,534
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