2025 Compare Cities Economy:
Summit, NJ vs New Providence, NJ

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Highlights
- Household income in New Providence, is 3% more than it is in Summit and is 56% above the National Average.
- Summit unemployment rate is 8.0%.
- New Providence unemployment rate is 8.0%.
 Summit, NJNew Providence, NJUnited States
 Unemployment Rate  Unlock8.0%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$155,370$69,021
 Family Median Income$223,590  Unlock$85,028
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 Est. Households By Income
 Summit, NJNew Providence, NJUnited States
 Income Less Than 15K  Unlock1.6%9.4%
 Income between 15K and 20K4.0%  Unlock3.8%
 Income between 20K and 30K  Unlock3.9%8.1%
 Income between 30K and 40K2.8%  Unlock8.0%
 Income between 40K and 50K  Unlock3.1%7.6%
 Income between 50K and 60K3.9%  Unlock7.2%
 Income between 60K and 75K  Unlock7.0%9.6%
 Income between 75K and 100K14.9%  Unlock12.8%
 Income between 100K and 150K  Unlock17.4%16.3%
 Income between 150K and 200K8.4%  Unlock7.8%
 Income greater than 200K  Unlock35.8%9.5%
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 Population By Occupation
 Summit, NJNew Providence, NJUnited States
 Management, business, finance30.9%  Unlock16.4%
 Engineering, computers, science  Unlock12.5%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock4.0%1.2%
 Education, library5.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock5.6%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock0.9%3.3%
 Firefighters, law enforcement0.9%  Unlock2.1%
 Food preparation, serving  Unlock2.1%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock2.7%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  Unlock3.8%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 New Providence    3 Reviews

Highest in the nation. Escape if you  More

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Over 16 years ago

New Providence, once an adorable, comfortable, quiet town is turning for the  More

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Over 17 years ago

We moved to New Providence last summer and it is one of the nicest places I have lived. Quiet, safe with great schools and great surrounding towns. It borders Chatham  More

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