2024 Compare Cities Economy:
Albany, NY vs Summit, NJ

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Highlights
- Household income in Summit, is 188% more than it is in Albany and is 54% above the National Average.
- Albany unemployment rate is 7.1%.
- Summit unemployment rate is 8.0%.
 Albany, NYSummit, NJUnited States
 Unemployment Rate7.1%8.0%6.0%
 Recent Job Growth0.5%-0.7%1.6%
 Future Job Growth24.8%22.3%33.5%
 Sales Taxes8.0%6.6%6.2%
 Income Taxes6.2%5.5%4.6%
 Income per Cap.$31,969$93,807$37,638
 Household Income$52,583$151,505$69,021
 Family Median Income$72,988$223,590$85,028
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 Est. Households By Income
 Albany, NYSummit, NJUnited States
 Income Less Than 15K16.0%3.4%9.4%
 Income between 15K and 20K5.2%4.0%3.8%
 Income between 20K and 30K9.1%2.5%8.1%
 Income between 30K and 40K8.2%2.8%8.0%
 Income between 40K and 50K9.6%3.3%7.6%
 Income between 50K and 60K7.4%3.9%7.2%
 Income between 60K and 75K9.1%4.9%9.6%
 Income between 75K and 100K11.4%14.9%12.8%
 Income between 100K and 150K13.9%9.9%16.3%
 Income between 150K and 200K5.1%8.4%7.8%
 Income greater than 200K5.1%42.0%9.5%
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 Population By Occupation
 Albany, NYSummit, NJUnited States
 Management, business, finance15.1%30.9%16.4%
 Engineering, computers, science7.6%6.2%6.5%
 Community, social services3.6%1.8%1.8%
 Legal1.7%4.8%1.2%
 Education, library7.4%5.6%6.2%
 Arts, design, media, sports, entertainment2.4%3.3%2.0%
 Healthcare practitioners and technology7.3%6.4%6.2%
 Healthcare support5.6%3.2%3.3%
 Firefighters, law enforcement2.4%0.9%2.1%
 Food preparation, serving5.7%3.1%5.4%
 Building maintenance3.9%2.7%3.6%
 Personal care3.6%4.0%2.6%
 Sales, office, administrative support23.7%18.4%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair2.8%4.9%8.1%
 Production, transportation, material moving7.2%3.8%13.1%
Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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Reviews for Summit    5 Reviews

Over 16 years ago

While there seems to be a good amount of cultural activities and diversity in this area, and it is done with the intention that it makes people feel diverse, when they  More

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Over 18 years ago

A very nice town. If you have lots of money to spend on housing and really want to be in Summit then it is worth it. The water and air quality are terrible. And as a  More

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Summit, NJ is a very expensive place to live. But the town does a great job of making it worth every penny. Community activities, train station, quite neighborhoods,  More

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