According to Bloomberg, Summit ranked as the 72nd richest town in America in 2018, with an average household income of $220,971. Many who work in Manhattan’s financial district prefer to live in Summit because of its top public school system, large homes, and railway station that is serviced by NJ Transit. Nearly 20% of Summit’s residents work in finance and real estate.
In 2009, the median household price was little over $650,000, with an average property tax bill of over $17,000 (as of 2018).
The Summit Public Schools consist of nine schools offering pre-K through 12th grades. Additionally, there are five private schools in the township. The township offers youth sports and recreation in addition to the YMCA.
Over the last several years, the downtown of Summit has become a hotbed for restaurant enthusiasts and shoppers. Summit offers a farmer’s market, car show, family fun night, and much more to keep residents and visitors entertained year-round.
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