Summit vs Elizabeth
| Summit | Elizabeth | |
|---|---|---|
| Population | 22,555 | 135,665 |
| Median Household Income | $190,304 | $66,555 |
| Median Home Value | $994,500 | $449,300 |
| Median Gross Rent | $2,430/mo | $1,523/mo |
| Homeownership Rate | 68.3% | 25.6% |
| Unemployment Rate | 5.4% | 7.7% |
| Bachelor's Degree or Higher | 72.5% | 14.6% |
| Median Age | 41.8 | 35.8 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.