2025 Compare Cities Economy:
Montvale, NJ vs Summit, NJ

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Highlights
- Household income in Summit, is 7% less than it is in Montvale and is 54% above the National Average.
- Montvale unemployment rate is 7.4%.
- Summit unemployment rate is 8.0%.
 Montvale, NJSummit, NJUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth25.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$65,857  Unlock$37,638
 Household Income  Unlock$151,505$69,021
 Family Median Income$168,333  Unlock$85,028
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 Est. Households By Income
 Montvale, NJSummit, NJUnited States
 Income Less Than 15K  Unlock3.4%9.4%
 Income between 15K and 20K2.6%  Unlock3.8%
 Income between 20K and 30K  Unlock2.5%8.1%
 Income between 30K and 40K2.7%  Unlock8.0%
 Income between 40K and 50K  Unlock3.3%7.6%
 Income between 50K and 60K3.2%  Unlock7.2%
 Income between 60K and 75K  Unlock4.9%9.6%
 Income between 75K and 100K8.3%  Unlock12.8%
 Income between 100K and 150K  Unlock9.9%16.3%
 Income between 150K and 200K22.1%  Unlock7.8%
 Income greater than 200K  Unlock42.0%9.5%
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 Population By Occupation
 Montvale, NJSummit, NJUnited States
 Management, business, finance26.9%  Unlock16.4%
 Engineering, computers, science  Unlock6.2%6.5%
 Community, social services2.0%  Unlock1.8%
 Legal  Unlock4.8%1.2%
 Education, library14.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.3%2.0%
 Healthcare practitioners and technology5.6%  Unlock6.2%
 Healthcare support  Unlock3.2%3.3%
 Firefighters, law enforcement2.5%  Unlock2.1%
 Food preparation, serving  Unlock3.1%5.4%
 Building maintenance0.0%  Unlock3.6%
 Personal care  Unlock4.0%2.6%
 Sales, office, administrative support27.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair1.6%  Unlock8.1%
 Production, transportation, material moving  Unlock3.8%13.1%
Reviews for Montvale    2 Reviews

Terrific location in northern NJ provides access to all kinds of entertainment, culture, experiences, etc. Great schools. Only problem is the cost of living in  More

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Over 17 years ago

As is the case in most of the New York City metropolitan area, the cost of living is so high as to be absurd. The high costs of housing, utilities, entertainment, and  More

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Reviews for Summit    5 Reviews

Over 17 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 19 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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