2025 Compare Cities Economy:
Summit, NJ vs Larchmont, NY

Change Cities
Highlights
- Household income in Larchmont, is 41% more than it is in Summit and is 68% above the National Average.
- Summit unemployment rate is 8.0%.
- Larchmont unemployment rate is 6.2%.
 Summit, NJLarchmont, NYUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock0.7%1.6%
 Future Job Growth22.3%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock6.2%4.6%
 Income per Cap.$93,807  Unlock$37,638
 Household Income  Unlock$214,186$69,021
 Family Median Income$223,590  Unlock$85,028
 space
 Est. Households By Income
 Summit, NJLarchmont, NYUnited States
 Income Less Than 15K  Unlock1.0%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock1.9%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock0.0%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock10.1%9.6%
 Income between 75K and 100K14.9%  Unlock12.8%
 Income between 100K and 150K  Unlock7.7%16.3%
 Income between 150K and 200K8.4%  Unlock7.8%
 Income greater than 200K  Unlock53.9%9.5%
 space1
 Population By Occupation
 Summit, NJLarchmont, NYUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock12.0%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock5.5%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock8.7%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock0.4%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock1.4%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock1.1%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  Unlock0.0%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

   |    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 Larchmont    3 Reviews

This is a very nice, upscale area with lots of amenities, but too costly for me as I'm approaching retirement. I'm looking to relocate to a much less expensive  More

   |    Reply

Over 18 years ago

Very low crime. Most of the police officers are helping people with health and emergency issues, or dealing with traffic issues. Larchmont has its own police  More

   |    Reply

Over 19 years ago

Larchmont is not affordable to anyone. It is very pretty and super safe but how do you think they are getting this kind of treatment! Average home is $800,000 for a  More

   |    Reply

Start Your Review of Larchmont


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.