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

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Highlights
- Household income in Hoboken, is 6% more than it is in Summit and is 57% above the National Average.
- Summit unemployment rate is 8.0%.
- Hoboken unemployment rate is 4.2%.
 Summit, NJHoboken, NJUnited States
 Unemployment Rate  Unlock4.2%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$160,890$69,021
 Family Median Income$223,590  Unlock$85,028
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 Est. Households By Income
 Summit, NJHoboken, NJUnited States
 Income Less Than 15K  Unlock5.0%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock3.6%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock3.0%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock3.7%9.6%
 Income between 75K and 100K14.9%  Unlock12.8%
 Income between 100K and 150K  Unlock15.3%16.3%
 Income between 150K and 200K8.4%  Unlock7.8%
 Income greater than 200K  Unlock38.1%9.5%
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 Population By Occupation
 Summit, NJHoboken, NJUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock10.7%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock3.8%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.2%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock0.7%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock1.7%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock1.5%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  Unlock2.8%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 Hoboken    8 Reviews

Over 11 years ago

Great place to  More

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Over 14 years ago

Hoboken is one of those places that is still overlooked. With Brooklyn blowing up,why not live essentially the same subway-trip from Manhattan without paying city tax,  More

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Over 14 years ago

My kind of  More

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