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2024 Compare Cities Economy:
Kinnelon, NJ vs Summit, NJ

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Highlights
- Household income in Summit, is 7% less than it is in Kinnelon and is 54% above the National Average.
- Kinnelon unemployment rate is 6.2%.
- Summit unemployment rate is 8.0%.

Economy
 Kinnelon, NJSummit, NJUnited States
 Unemployment Rate6.2%8.0%6.0%
 Recent Job Growth-0.7%-0.7%1.6%
 Future Job Growth23.5%22.3%33.5%
 Sales Taxes6.6%6.6%6.2%
 Income Taxes5.5%5.5%4.6%
 Income per Cap.$68,349$93,807$37,638
 Household Income$163,611$151,505$69,021
 Family Median Income$178,571$223,590$85,028
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 Est. Households By Income
 Kinnelon, NJSummit, NJUnited States
 Income Less Than 15K1.4%3.4%9.4%
 Income between 15K and 20K0.6%4.0%3.8%
 Income between 20K and 30K1.5%2.5%8.1%
 Income between 30K and 40K2.2%2.8%8.0%
 Income between 40K and 50K3.5%3.3%7.6%
 Income between 50K and 60K9.8%3.9%7.2%
 Income between 60K and 75K3.7%4.9%9.6%
 Income between 75K and 100K8.0%14.9%12.8%
 Income between 100K and 150K16.0%9.9%16.3%
 Income between 150K and 200K15.1%8.4%7.8%
 Income greater than 200K38.3%42.0%9.5%
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 Population By Occupation
 Kinnelon, NJSummit, NJUnited States
 Management, business, finance25.1%30.9%16.4%
 Engineering, computers, science7.6%6.2%6.5%
 Community, social services2.2%1.8%1.8%
 Legal3.3%4.8%1.2%
 Education, library5.5%5.6%6.2%
 Arts, design, media, sports, entertainment1.5%3.3%2.0%
 Healthcare practitioners and technology9.3%6.4%6.2%
 Healthcare support0.7%3.2%3.3%
 Firefighters, law enforcement1.9%0.9%2.1%
 Food preparation, serving4.8%3.1%5.4%
 Building maintenance0.8%2.7%3.6%
 Personal care1.0%4.0%2.6%
 Sales, office, administrative support25.8%18.4%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair6.5%4.9%8.1%
 Production, transportation, material moving3.9%3.8%13.1%

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Reviews for Kinnelon    1 Reviews

Over 7 years ago

Until you drink the Kinnelon Kool-Aide, you don't know what the perfect town is! Looking for top schools? Kinnelon High School Ranked #3 in the State o NJ according  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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ZIPS IN KINNELON, NEW JERSEY
07405
ZIPS IN SUMMIT, NEW JERSEY
07901

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