2025 Compare Cities Economy:
Summit, NJ vs Chatham borough, NJ

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Highlights
- Household income in Chatham borough, is 38% more than it is in Summit and is 67% above the National Average.
- Summit unemployment rate is 8.0%.
- Chatham borough unemployment rate is 6.2%.
 Summit, NJChatham borough, NJUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth22.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$93,807  Unlock$37,638
 Household Income  Unlock$209,283$69,021
 Family Median Income$223,590  Unlock$85,028
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 Est. Households By Income
 Summit, NJChatham borough, NJUnited States
 Income Less Than 15K  Unlock1.9%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock2.6%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock0.8%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock3.0%9.6%
 Income between 75K and 100K14.9%  Unlock12.8%
 Income between 100K and 150K  Unlock11.5%16.3%
 Income between 150K and 200K8.4%  Unlock7.8%
 Income greater than 200K  Unlock54.5%9.5%
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 Population By Occupation
 Summit, NJChatham borough, NJUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock12.5%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock4.1%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.4%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock2.2%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock0.9%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock1.3%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  Unlock3.0%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 Chatham Borough    3 Reviews

Lovely town, fabulous schools...filled with snooty people concerned most with getting their kids dropped off to school and making their "hot yoga" class. The weather  More

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Over 18 years ago

I can't say enough about the schools in Chatham NJ. They are absolutely amazing, my child is going into 5th grade and has been in this school system since kindergarten.  More

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Over 18 years ago

Great schools, stable community, excellent access to arts & culture, nice small-town feel. But very expensive and the traffic is getting really  More

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