Bloomingdale, NJ vs Summit, NJ

The cost of living difference between Bloomingdale, NJ and Summit, NJ is dramatic. Bloomingdale is 33.4% cheaper than Summit, a gap that translates to thousands of dollars per year in household expenses. Bloomingdale has a cost index of 126 while Summit sits at 189, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bloomingdale is $1,772/month compared to $2,308/month in Summit — a 23% difference. Home values follow the same pattern: Bloomingdale is more affordable at $398,000 median vs $969,900.

Median household income in Bloomingdale is $126,221 compared to $199,107 in Summit (-36.6%). While Summit is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bloomingdale spend roughly 16.8% of their income on rent, more than the 13.9% in Summit.