Newton, NJ vs Summit, NJ

The cost of living difference between Newton, NJ and Summit, NJ is dramatic. Newton is 44.7% cheaper than Summit, a gap that translates to thousands of dollars per year in household expenses. Newton has a cost index of 105 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 Newton is $1,383/month compared to $2,308/month in Summit — a 40% difference. Home values follow the same pattern: Newton is more affordable at $282,300 median vs $969,900.

Median household income in Newton is $73,679 compared to $199,107 in Summit (-63%). 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 Newton spend roughly 22.5% of their income on rent, more than the 13.9% in Summit.