Cost of Living in Summit, NJ
Overall index: 221 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 279 | +179% | $1,616 |
| Transportation | 101 | +1% | $3.50 |
| Food | 267 | +167% | $1,095 |
| Utilities | 190 | +90% | $502 |
| Healthcare | 190 | +90% | $363 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Summit?
A single adult living comfortably in Summit, NJ needs approximately $77,350 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Summit, NJ?
The overall cost of living in Summit, NJ is 121% higher than the US national average (index: 221 where 100 = national average).
How much is rent in Summit, NJ?
Average rent for a 1-bedroom apartment in Summit, NJ is about $1,616/month.
Is Summit, NJ expensive to live in?
Yes, Summit, NJ is considered expensive (index above national average).
What salary do I need to live in Summit, NJ?
A single adult needs roughly $77,350/year to cover basic living costs in Summit, NJ.