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Summit, NJ Utility & Living Guide
Summit is the northernmost city of Union County, in the U.S. state of New Jersey, located within the New York metropolitan area. Situated on a ridge in northern–central New Jersey, the city is located within the Raritan Valley and Rahway Valley regions, and also borders both Essex and Morris countie
Monthly Utility Costs
$120/mo
$50/mo
$45/mo
$25/mo
$65/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1999/mo |
| 2 Bedrooms | $2222/mo |
| 3 Bedrooms | $2777/mo |
| Median Home Price | $907,900 |
| Property Tax Rate | 1.2% |
| Avg Childcare/mo | $1000 |
Summit’s housing market is competitive, with high demand for single-family homes. Prices have risen steadily due to the town’s excellent schools and proximity to NYC.
Cost of Living
105
+5% above national average
102
98
100
$1000
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 7.5% |
| Property Tax Rate | 1.2% |
| <p>State 6.625% + County 0% + City 0.875%</p> | |
New Jersey has a progressive income tax ranging from 1.4% to 10.75%.
Family & Relocation
50
6.5/10
$1000/mo
City Pulse
Summit's NJ Transit station is accessible but crowded during peak hours. Downtown sidewalks are stroller-friendly.
- Reeves-Reed Arboretum
- Summit Family Aquatic Center
- Watchung Reservation
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Summit based on your household profile.
📰 Live Local News
Summit requires permits for home renovations and has strict zoning laws to preserve its suburban character.
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Summit — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs peak in winter due to heating needs and in summer due to air conditioning. Spring and fall typically see lower utility bills.
🏛️ Local Tax Details
Key ZIP code level tax info: property tax millage rates, any local surtaxes specific to Summit county
👶 Family & Stroller Friendliness
Score 1-10 with explanation: sidewalk quality, park access, elevator access in transit, family infrastructure in Summit
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