Summit vs Paterson
| Summit | Paterson | |
|---|---|---|
| Population | 22,555 | 157,864 |
| Median Household Income | $190,304 | $55,997 |
| Median Home Value | $994,500 | $360,100 |
| Median Gross Rent | $2,430/mo | $1,548/mo |
| Homeownership Rate | 68.3% | 26.9% |
| Unemployment Rate | 5.4% | 10.7% |
| Bachelor's Degree or Higher | 72.5% | 11.8% |
| Median Age | 41.8 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.