Home / Select Cities  /  2024 Comparing Norwood, MA vs. Summit, NJ

2024 Compare Cities Economy:
Norwood, MA vs Summit, NJ

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Highlights
- Household income in Summit, is 57% more than it is in Norwood and is 54% above the National Average.
- Norwood unemployment rate is 5.8%.
- Summit unemployment rate is 8.0%.

Economy
 Norwood, MASummit, NJUnited States
 Unemployment Rate5.8%8.0%6.0%
 Recent Job Growth4.3%-0.7%1.6%
 Future Job Growth40.8%22.3%33.5%
 Sales Taxes6.3%6.6%6.2%
 Income Taxes5.1%5.5%4.6%
 Income per Cap.$54,645$93,807$37,638
 Household Income$96,414$151,505$69,021
 Family Median Income$120,146$223,590$85,028
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 Est. Households By Income
 Norwood, MASummit, NJUnited States
 Income Less Than 15K6.5%3.4%9.4%
 Income between 15K and 20K3.1%4.0%3.8%
 Income between 20K and 30K5.0%2.5%8.1%
 Income between 30K and 40K6.9%2.8%8.0%
 Income between 40K and 50K4.9%3.3%7.6%
 Income between 50K and 60K4.4%3.9%7.2%
 Income between 60K and 75K7.8%4.9%9.6%
 Income between 75K and 100K12.6%14.9%12.8%
 Income between 100K and 150K20.4%9.9%16.3%
 Income between 150K and 200K10.9%8.4%7.8%
 Income greater than 200K17.5%42.0%9.5%
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 Population By Occupation
 Norwood, MASummit, NJUnited States
 Management, business, finance22.1%30.9%16.4%
 Engineering, computers, science10.5%6.2%6.5%
 Community, social services2.8%1.8%1.8%
 Legal1.4%4.8%1.2%
 Education, library7.1%5.6%6.2%
 Arts, design, media, sports, entertainment2.5%3.3%2.0%
 Healthcare practitioners and technology7.5%6.4%6.2%
 Healthcare support3.2%3.2%3.3%
 Firefighters, law enforcement1.1%0.9%2.1%
 Food preparation, serving4.1%3.1%5.4%
 Building maintenance2.3%2.7%3.6%
 Personal care2.5%4.0%2.6%
 Sales, office, administrative support19.8%18.4%20.9%
 Farming, fishing, forestry0.1%0.0%0.6%
 Construction, extraction, maintenance/repair5.7%4.9%8.1%
 Production, transportation, material moving7.4%3.8%13.1%

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Reviews for Norwood    1 Reviews

Norwood is well run and has an excellent police and fire dept. Location is terrific. Halfway between Providence and Boston. 2 rail stations in the town convenience to  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 NORWOOD, MASSACHUSETTS
No Zip Codes Here.
ZIPS IN SUMMIT, NEW JERSEY
07901

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