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

Change Cities
Highlights
- Household income in Edgewater, is 17% less than it is in Summit and is 45% above the National Average.
- Summit unemployment rate is 8.0%.
- Edgewater unemployment rate is 7.4%.
 Summit, NJEdgewater, NJUnited States
 Unemployment Rate  Unlock7.4%6.0%
 Recent Job Growth  Unlock-0.5%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$126,483$69,021
 Family Median Income$223,590  Unlock$85,028
 space
 Est. Households By Income
 Summit, NJEdgewater, NJUnited States
 Income Less Than 15K  Unlock6.8%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock8.5%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock2.5%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock4.2%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  Unlock29.3%9.5%
 space1
 Population By Occupation
 Summit, NJEdgewater, NJUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock13.1%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock1.6%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.3%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock0.0%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock2.4%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock2.3%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  Unlock1.9%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

   |    Reply

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

   |    Reply

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

   |    Reply

Start Your Review of Summit

Reviews for Edgewater    4 Reviews

I used to live in NYC. The prices now in rent, resturaunts and stores has become exorbitant. Edgewater has the quality of NYC at lesser prices. Plus it has  More

   |    Reply

Over 15 years ago

The housing in Edgewater has become pricey and beautiful in a great area right next to New York City. It has gotten crowed over the last 5 years. It is a great place  More

   |    Reply

Over 17 years ago

I'm a big fan, although a a matter of principle I don't believe in boosterism. There are hundreds of wonderful places to live. Edgewater, thankfully, happens to be one  More

   |    Reply

Start Your Review of Edgewater


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.