2025 Compare Cities Economy:
Summit, NJ vs Algonquin, IL

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Highlights
- Household income in Algonquin, is 24% less than it is in Summit and is 40% above the National Average.
- Summit unemployment rate is 8.0%.
- Algonquin unemployment rate is 5.6%.
 Summit, NJAlgonquin, ILUnited States
 Unemployment Rate  Unlock5.6%6.0%
 Recent Job Growth  Unlock0.5%1.6%
 Future Job Growth22.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$93,807  Unlock$37,638
 Household Income  Unlock$115,346$69,021
 Family Median Income$223,590  Unlock$85,028
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 Est. Households By Income
 Summit, NJAlgonquin, ILUnited States
 Income Less Than 15K  Unlock3.3%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock4.6%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock3.4%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock9.9%9.6%
 Income between 75K and 100K14.9%  Unlock12.8%
 Income between 100K and 150K  Unlock24.1%16.3%
 Income between 150K and 200K8.4%  Unlock7.8%
 Income greater than 200K  Unlock18.9%9.5%
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 Population By Occupation
 Summit, NJAlgonquin, ILUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock7.0%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock1.2%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.8%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock1.5%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock2.5%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock2.2%2.6%
 Sales, office, administrative support18.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair4.9%  Unlock8.1%
 Production, transportation, material moving  Unlock12.7%13.1%
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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Reviews for Algonquin    4 Reviews

Over 1 years ago

Algonquin has really changed and grown, especially west algonquin. Politically though it leans conservative. That has not changed. People are nice though and they are  More

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Over 15 years ago

This town is practically Mayberry as far as crime goes.  More

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Over 18 years ago

Algonquin is a far northwest suburb of Chicago north of Elgin IL off of I90. The western part of Algonquin has shown significant growth and expansion over the past few  More

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