Cost of Living in Summit, NJ - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,080 (excluding rent), and $2,705 including rent.

Family of 3: Estimated monthly costs are $2,804 (excluding rent), and $5,369 including rent.

Meal at Budget Restaurant

$20.11 $20.11

$15.08 $15.08

$30.17 $30.17

Three-Course Dinner for Two, Mid-Range

$99.0 $99.0

$49.52 $49.52

$139 $139

Fast Food Meal (McDonalds, etc)

$14.13 $14.13

$10.09 $10.09

$17.16 $17.16

Cappuccino

$5.19 $5.19

$1.99 $1.99

$6.48 $6.48

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

$2.55 $2.55

$2.02 $2.02

$4.04 $4.04

Water (0.33 liter bottle)

$1.98 $1.98

$1.49 $1.49

$2.97 $2.97

Local Beer (0.5 liter draught)

$7.90 $7.90

$4.94 $4.94

$9.87 $9.87

Imported Beer (0.33 liter bottle)

$8.16 $8.16

$10.19 $10.19

Milk (1 liter)

$1.26 $1.26

$0.94 $0.94

$1.33 $1.33

White Bread (500g)

$3.74 $3.74

$2.17 $2.17

$5.47 $5.47

Rice (white) (1kg)

$5.21 $5.21

$2.00 $2.00

$10.99 $10.99

Eggs

$4.30 $4.30

$2.23 $2.23

$7.10 $7.10

Local Cheese (1kg)

$25.64 $25.64

$6.69 $6.69

$33.46 $33.46

Chicken Fillets (1kg)

$11.98 $11.98

$6.67 $6.67

$15.61 $15.61

Beef Round Steak (1kg)

$17.09 $17.09

$8.74 $8.74

$19.65 $19.65

Apples (1kg)

$7.39 $7.39

$2.01 $2.01

$11.08 $11.08

Banana (1kg)

$1.79 $1.79

$1.02 $1.02

$2.23 $2.23

Oranges (1kg)

$3.89 $3.89

$1.96 $1.96

$6.49 $6.49

Tomato (1kg)

$4.07 $4.07

$1.95 $1.95

$8.59 $8.59

Potato (1kg)

$2.78 $2.78

$1.08 $1.08

$4.47 $4.47

Onion (1kg)

$3.81 $3.81

$1.09 $1.09

$4.51 $4.51

Lettuce (1 head)

$2.49 $2.49

$1.05 $1.05

$3.92 $3.92

Water (1.5 liter bottle)

$2.64 $2.64

$0.90 $0.90

$3.02 $3.02

Cigarettes 20 Pack (Marlboro, Camel)

$10.79 $10.79

$7.85 $7.85

$19.62 $19.62

Wine (Bottle)

$14.88 $14.88

$10.91 $10.91

$19.84 $19.84

Local Beer (0.5 liter bottle)

$1.78 $1.78

$1.72 $1.72

$1.78 $1.78

Imported Beer (0.33 liter bottle)

$6.51 $6.51

$1.93 $1.93

$8.23 $8.23

One-way Ticket (Public Transport)

$1.98 $1.98

$1.24 $1.24

$1.98 $1.98

Taxi Start (Normal Tariff)

$2.96 $2.96

$7.89 $7.89

Taxi (Normal Tariff) (1km)

$2.00 $2.00

Taxi 1hour Waiting (Normal Tariff)

$24.19 $24.19

$42.34 $42.34

Gasoline (1 liter)

$0.91 $0.91

$0.80 $0.80

$0.95 $0.95

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

$29.6K $29.6K

$23.0K $23.0K

$35.4K $35.4K

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

$25.3K $25.3K

$25.0K $25.0K

$26.3K $26.3K

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

$179 $179

$84.7 $84.7

$299 $299

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

$51.1 $51.1

$35.62 $35.62

$71.2 $71.2

Internet (50+ Mbps, Unlimited Data)

$56.8 $56.8

$29.57 $29.57

$76.5 $76.5

Gym Membership (Monthly)

$43.09 $43.09

$17.54 $17.54

$50.1 $50.1

Cinema Ticket

$14.91 $14.91

$11.93 $11.93

$19.88 $19.88

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

$1,880 $1,880

$1,315 $1,315

$2,529 $2,529

International Primary School, 1 Child (Yearly)

$24.1K $24.1K

$15.3K $15.3K

$40.7K $40.7K

Jeans (Levis 501 Or Similar)

$69.3 $69.3

$29.72 $29.72

$119 $119

Summer Dress (H&M, Zara, etc)

$56.1 $56.1

$20.38 $20.38

$76.4 $76.4

Sport Shoes (Adidas, Nike)

$74.4 $74.4

$49.63 $49.63

$99.3 $99.3

Men's Leather Business Shoes

$135 $135

$40.48 $40.48

$202 $202

1-bedroom Apartment, City Center (Monthly)

$2,716 $2,716

$1,975 $1,975

$3,457 $3,457

1-bedroom Apartment, Outside City Center (Monthly)

$1,375 $1,375

$1,016 $1,016

$1,524 $1,524

3-bedroom Apartment, City Center (Monthly)

$5,520 $5,520

$4,516 $4,516

$6,523 $6,523

3-bedroom Apartment, Outside City Center (Monthly)

$2,182 $2,182

$1,669 $1,669

$2,455 $2,455

Buy Apartment in City Center (m2)

$2,903 $2,903

$2,113 $2,113

$2,903 $2,903

Buy Apartment Outside City Center (m2)

$2,331 $2,331

$1,886 $1,886

$2,331 $2,331

20-Year Fixed Mortgage Interest Rate (Annual %)

6.55

6.19

6.8

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

Last update: March 2, 2026

Summit, NJ Median Internet Speeds (Updated December 2025)

Mobile

Mbps

Fixed Broadband

Mbps

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

Digital Nomad Cost of Living Index

City tags:

🌎 North america

Cost of Living in Summit, NJ - Frequently Asked Questions

In the mix of nearby towns, Summit offers a walkable downtown, solid transit, and a charming vibe that many travelers and long-term visitors value. If safety, proximity to rail, and a curated local scene matter to you, you may find value here – even if some everyday costs sit higher than rural options. Cost of Living in Summit, NJ, United States reflects that premium driven by location and services, with a favorable balance for those who prioritize quality of life and easy commutes. You gain shorter trips to NYC and a compact, walkable center. Tip: Map out neighborhoods by commute time and daily errands to see where value lines up with your routine.

Housing options range from historic homes to modern apartments near the center or train lines; for food, you will find a mix of cafes, takeout, and farmers markets. Commuting via train is common, bus routes exist, and car sharing or biking can work for shorter trips. If you are seeking coworking, the town often has temporary desks or nearby options in neighboring towns. When shopping and running errands, consider weekly markets in season and savings through local programs. Summit, NJ, United States living cost varies by neighborhood, so map your preferred commute to keep costs predictable. Tip: Start with a two-week trial of a neighborhood before committing.

Quality of life in Summit tends to reward those who value a compact, walkable center, strong schools, and easy transit to major job hubs. Build a simple budgeting framework: separate essentials (housing, utilities, transit) from discretionary spending (eating out, entertainment) and revisit monthly expenses each season – utility use and commuting patterns shift with weather. Save by shopping locally, taking advantage of farmers markets, and choosing housing near train lines to cut travel time. Seasonality matters: winters require heating considerations, summers bring air conditioning costs, but fall and spring offer mild periods for outdoor living in parks and trails. Tip: create a neighborhood trial map to test different corridors.