Cost of Living in Summit, NJ
Population: 22,512 | New Jersey
189
Cost of Living Index
US Average = 100
Summit is 89% more expensive than the national average.
175
Housing
318
Home Values
113
Regional Price
Income
- Median Household Income
- $199,107
- vs US Median ($75,149)
- +165%
Housing
- Median Rent
- $2,308/mo
- Median Home Value
- $969,900
- Median Monthly Housing Cost
- $3,034/mo
Everyday Prices in Summit
BLS Average Prices for the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) area
⛽
$3.32
Gasoline (regular)
per gallon
+8% vs US
🥚
$2.71
Eggs (grade A, large)
per dozen
+8% vs US
🥛
$4.36
Milk (whole)
per gallon
+8% vs US
🍞
$2.00
Bread (white)
per lb
+8% vs US
🍗
$4.49
Chicken breast
per lb
+8% vs US
⚡
$0.24
Electricity
per kWh
+29% vs US