Cost of Living Comparison Between New York, NY and Summit, NJ Cost of Living Comparison Between New York, NY and Summit, NJ

Monthly Cost of Living

A single person spends $4,438 per month in New York, NY vs $2,694 in Summit, NJ, rent included.

A couple spends around $7,016 per month in New York, NY vs $3,990 in Summit, NJ, rent included.

A family of three spends $9,593 per month in New York, NY vs $5,286 in Summit, NJ, rent included.

New York, NY costs about 65% more than Summit, NJ, driven mainly by Getting Around.

Both New York, NY and Summit, NJ sit above the global median – New York, NY by 231%, Summit, NJ by 101%.

Meal at Budget Restaurant

$29.91 $29.91

$19.64 $19.64

52.29%

Three-Course Dinner for Two, Mid-Range

$144 $144

$99.0 $99.0

45.28%

Fast Food Meal (McDonalds, etc)

$12.32 $12.32

$14.13 $14.13

-12.81%

Cappuccino

$6.03 $6.03

$5.16 $5.16

16.86%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.39 $3.39

$2.47 $2.47

37.25%

Water (0.33 liter bottle)

$2.56 $2.56

$1.98 $1.98

29.29%

Local Beer (0.5 liter draught)

$8.20 $8.20

$8.10 $8.10

1.23%

Imported Beer (0.33 liter bottle)

$11.95 $11.95

$8.06 $8.06

48.26%

Milk (1 liter)

$1.54 $1.54

$1.21 $1.21

27.27%

White Bread (500g)

$5.15 $5.15

$3.74 $3.74

37.70%

Rice (white) (1kg)

$8.43 $8.43

$5.13 $5.13

64.33%

Eggs

$6.97 $6.97

$4.20 $4.20

65.95%

Local Cheese (1kg)

$17.28 $17.28

$25.31 $25.31

-31.73%

Chicken Fillets (1kg)

$16.24 $16.24

$12.01 $12.01

35.22%

Beef Round Steak (1kg)

$19.95 $19.95

$17.10 $17.10

16.67%

Apples (1kg)

$7.45 $7.45

$7.49 $7.49

-0.53%

Banana (1kg)

$2.42 $2.42

$1.78 $1.78

35.96%

Oranges (1kg)

$5.87 $5.87

$4.02 $4.02

46.02%

Tomato (1kg)

$6.31 $6.31

$4.11 $4.11

53.53%

Potato (1kg)

$3.72 $3.72

$2.77 $2.77

34.30%

Onion (1kg)

$3.99 $3.99

$3.83 $3.83

4.18%

Lettuce (1 head)

$3.19 $3.19

$2.50 $2.50

27.60%

Water (1.5 liter bottle)

$2.55 $2.55

$2.58 $2.58

-1.16%

Cigarettes 20 Pack (Marlboro, Camel)

$19.09 $19.09

$10.99 $10.99

73.70%

Wine (Bottle)

$20.24 $20.24

$14.97 $14.97

35.20%

Local Beer (0.5 liter bottle)

$2.99 $2.99

$1.78 $1.78

67.98%

Imported Beer (0.33 liter bottle)

$3.87 $3.87

$6.24 $6.24

-37.98%

One-way Ticket (Public Transport)

$2.95 $2.95

$2.05 $2.05

43.90%

Public Transport Monthly Pass (Regular Price)

$131 $131

Taxi Start (Normal Tariff)

$5.13 $5.13

$2.92 $2.92

75.68%

Taxi (Normal Tariff) (1km)

$2.20 $2.20

$1.99 $1.99

10.55%

Taxi 1hour Waiting (Normal Tariff)

$42.64 $42.64

$23.79 $23.79

79.23%

Gasoline (1 liter)

$0.95 $0.95

$0.88 $0.88

7.95%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$34.5K $34.5K

$29.6K $29.6K

16.37%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.2K $28.2K

$25.2K $25.2K

11.91%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$182 $182

$178 $178

1.89%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$60.1 $60.1

$50.6 $50.6

18.70%

Internet (50+ Mbps, Unlimited Data)

$61.9 $61.9

$56.2 $56.2

10.16%

Gym Membership (Monthly)

$140 $140

$42.26 $42.26

231.33%

Tennis Court (1 Hour on Weekend)

$64.4 $64.4

Cinema Ticket

$20.33 $20.33

$15.21 $15.21

33.66%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$3,222 $3,222

$1,852 $1,852

74.03%

International Primary School, 1 Child (Yearly)

$56.2K $56.2K

$24.1K $24.1K

133.56%

Jeans (Levis 501 Or Similar)

$65.9 $65.9

$70.5 $70.5

-6.46%

Summer Dress (H&M, Zara, etc)

$47.20 $47.20

$55.4 $55.4

-14.85%

Sport Shoes (Adidas, Nike)

$111 $111

$75.1 $75.1

47.97%

Men's Leather Business Shoes

$173 $173

$135 $135

27.83%

1-bedroom Apartment, City Center (Monthly)

$4,208 $4,208

$2,783 $2,783

51.18%

1-bedroom Apartment, Outside City Center (Monthly)

$2,647 $2,647

$1,337 $1,337

97.95%

3-bedroom Apartment, City Center (Monthly)

$8,415 $8,415

$5,396 $5,396

55.95%

3-bedroom Apartment, Outside City Center (Monthly)

$5,170 $5,170

$2,235 $2,235

131.29%

Buy Apartment in City Center (m2)

$20.1K $20.1K

$2,674 $2,674

651.54%

Buy Apartment Outside City Center (m2)

$8,742 $8,742

$2,410 $2,410

262.82%

Average Monthly Net Salary (After Tax)

$5,144 $5,144

20-Year Fixed Mortgage Interest Rate (Annual %)

6.44

6.55

-1.68%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New York, NY: April 20, 2026

Last update for Summit, NJ: April 20, 2026

Cost Breakdown

A central one-bedroom costs $4,208 in New York, NY versus $2,783 in Summit, NJ. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $144 in New York, NY versus $99 in Summit, NJ. Monthly groceries follow the same trend: $554 vs $467 – making Summit, NJ the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New York, NY vs Summit, NJ: Cost of Living - Frequently Asked Questions

New York, NY costs about 65% more than Summit, NJ, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,657 per month in New York, NY and $4,041 in Summit, NJ. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Summit, NJ, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $4,438 in New York, NY and $2,694 in Summit, NJ. The difference isn't just one category – it shows up across housing, food, transport, and services.

Kindergarten costs $3,222 per month in New York, NY and $1,852 in Summit, NJ. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$2,000 is a stretch for both – monthly costs hit $4,438 in New York, NY and $2,694 in Summit, NJ. You'll need shared housing and careful budgeting no matter which city you pick.

For digital nomads, it depends on budget. Summit, NJ costs $2,694 versus $4,438 in New York, NY. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Summit, NJ. If higher salaries, better infrastructure, or specific career opportunities are the priority, New York, NY makes more sense. Both are solid long-term options with distinct trade-offs.