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

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Highlights
- Household income in Summit, is 22% less than it is in Ridgewood and is 54% above the National Average.
- Ridgewood unemployment rate is 5.5%.
- Summit unemployment rate is 8.0%.
 Ridgewood, NJSummit, NJUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth25.9%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$88,443  Unlock$37,638
 Household Income  Unlock$151,505$69,021
 Family Median Income$227,254  Unlock$85,028
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 Est. Households By Income
 Ridgewood, NJSummit, NJUnited States
 Income Less Than 15K  Unlock3.4%9.4%
 Income between 15K and 20K0.6%  Unlock3.8%
 Income between 20K and 30K  Unlock2.5%8.1%
 Income between 30K and 40K3.1%  Unlock8.0%
 Income between 40K and 50K  Unlock3.3%7.6%
 Income between 50K and 60K2.4%  Unlock7.2%
 Income between 60K and 75K  Unlock4.9%9.6%
 Income between 75K and 100K5.3%  Unlock12.8%
 Income between 100K and 150K  Unlock9.9%16.3%
 Income between 150K and 200K15.5%  Unlock7.8%
 Income greater than 200K  Unlock42.0%9.5%
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 Population By Occupation
 Ridgewood, NJSummit, NJUnited States
 Management, business, finance35.5%  Unlock16.4%
 Engineering, computers, science  Unlock6.2%6.5%
 Community, social services2.2%  Unlock1.8%
 Legal  Unlock4.8%1.2%
 Education, library9.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.3%2.0%
 Healthcare practitioners and technology6.1%  Unlock6.2%
 Healthcare support  Unlock3.2%3.3%
 Firefighters, law enforcement2.3%  Unlock2.1%
 Food preparation, serving  Unlock3.1%5.4%
 Building maintenance0.3%  Unlock3.6%
 Personal care  Unlock4.0%2.6%
 Sales, office, administrative support16.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair1.0%  Unlock8.1%
 Production, transportation, material moving  Unlock3.8%13.1%
Reviews for Ridgewood    6 Reviews

Over 16 years ago

Great place to live and  More

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Over 16 years ago

Ridgewood, a suburb of NYC, is an ideal bedroom community. This well-established upscale community is located 30 minutes from Manhattan (by car), and is easily  More

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Over 18 years ago

One of the most beautiful places to live outside New York  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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