2025 Compare Cities Economy:
Summit, NJ vs Carmel, IN

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Highlights
- Household income in Carmel, is 21% less than it is in Summit and is 42% above the National Average.
- Summit unemployment rate is 8.0%.
- Carmel unemployment rate is 3.0%.
 Summit, NJCarmel, INUnited States
 Unemployment Rate  Unlock3.0%6.0%
 Recent Job Growth  Unlock2.5%1.6%
 Future Job Growth22.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock4.2%4.6%
 Income per Cap.$93,807  Unlock$37,638
 Household Income  Unlock$119,772$69,021
 Family Median Income$223,590  Unlock$85,028
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 Est. Households By Income
 Summit, NJCarmel, INUnited States
 Income Less Than 15K  Unlock3.0%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock2.7%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock4.9%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock9.0%9.6%
 Income between 75K and 100K14.9%  Unlock12.8%
 Income between 100K and 150K  Unlock17.8%16.3%
 Income between 150K and 200K8.4%  Unlock7.8%
 Income greater than 200K  Unlock27.2%9.5%
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 Population By Occupation
 Summit, NJCarmel, INUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock13.4%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock2.9%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  Unlock0.9%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock5.3%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock1.7%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  Unlock4.5%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 Carmel    26 Reviews

I moved to Carmel from France and I lived there for 20 years. I moved to Indianapolis recently (I miss Carmel). I liked Carmel because it is clean, safe, pretty, it has  More

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This place has just about every corporate chain hotel imaginable. I come for business, and it is a nice place to do business. Carmel seems to sucking the corporate  More

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Over 10 years ago

Carmel is hands down the best place to live in  More

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