Cost of Living in Summit, NJ

Updated:

Livingcost

Cost of living One person Family of 4
💰 Total with rent
$3392
$8375
🛋️ Without rent
$939
$3063
🏨 Rent & Utilities
$2453
$5313
🍽️ Food
$696
$1809
🚐 Transport
$70
$185
💳 Monthly salary after tax
$4695
😀 Quality of life
70
🏙️ Population
22.7K

The average cost of living in Summit is $3392, which is in the top 0.5% of the most expensive cities in the world, ranked 42nd out of 9294 in our global list, 34th out of 2202 in the United States, and 3rd out of 111 in New Jersey.

The median after-tax salary is $4695, which is enough to cover living expenses for 1.4 months. Ranked 2528th (TOP 27%) in the list of best places to live in the world and 840th best city to live in the United States, and 64th most liveable city in New Jersey. With an estimated population of 22.7K, Summit is the 1953rd largest city in the United States.

✈️ Closest airport 10 km Morristown Municipal Airport
😷 Air quality Good 10.7 µg/m³
🎓 Best university rank 711 New Jersey Institute of Technology
Cost of living in Summit infographic

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Prices in Summit

Prices for goods and services in Summit are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Eating Out
🍱 Lunch Menu
$19.8
🥂 Dinner in a Restaurant, for 2
$79.8
🥪 Fast food meal, equiv. McDonald's
$10.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.04
 Cappuccino
$5.01
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.3
Rent & Utilities
🏙️ 1 bedroom apartment in city Center, 40 m2 or 430 ft2
$2497
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$2232
🏙️ 3 bedroom apartment in city Center, 80 m2 or 860 ft2
$5518
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$4978
🔌 Utility Bill one person, electricity, heating, water, etc.
$111
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$170
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$56.8
🏦 Mortgage Interest Rate for 20 Years
6.56%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3604
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3757
Transportation
🚌 Local transport ticket
$3.87
🎟️ Monthly ticket local transport
$82.2
🚕 Taxi Ride, 8 km or 5 mi
$19.3
 Gas / Petrol, 1 L or 0.26 gal
$0.92
Groceries
🥛 Milk, 1 L or 1 qt
$1.24
🍞 Bread, 0.5 kg or 1.1 lb
$4.03
🍚 Rice, 1 kg or 2.2 lb
$4.2
🥚 Eggs, x12
$4.27
🧀 Cheese, 1 kg or 2.2 lb
$25.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$13.3
🥩 Round Steak, 1 kg or 2.2 lb
$15.4
🍏 Apples, 1 kg or 2.2 lb
$7.35
🍌 Banana, 1 kg or 2.2 lb
$1.81
🍊 Oranges, 1 kg or 2.2 lb
$5.29
🍅 Tomato, 1 kg or 2.2 lb
$5.2
🥔 Potato, 1 kg or 2.2 lb
$2.75
🧅 Onion, 1 kg or 2.2 lb
$3.7
🌊 Water, 1 L or 1 qt
$1.79
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.32
🍾 Wine (mid-priced), 750 mL bottle
$20.1
🍺 Beer, 0.5 L or 16 fl oz
$1.72
🚬 Cigarette pack
$11
💊 Cold medicince, 1 week
$10.6
🧴 Hair Shampoo
$5.8
🧻 Toilet paper, 4 rolls
$4.72
👄 Toothpaste, 1 tube
$2.26
Other
🏋️ Gym Membership, 1 month
$33.6
🎫 Cinema Ticket, 1 person
$14.9
👩‍⚕️ Doctor's visit
$138
💇 Haircut, simple
$22.2
👖 Brand Jeans
$69.7
👟 Brand Sneakers
$79.1
👶 Daycare or Preschool, 1 month
$1047
🏫 International Primary School, 1 year
$22533

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