Edison vs Summit, NJ
Property taxes, schools, NJ Transit pass and monthly cost for Edison and Summit, side by side with sources.
At a glance
Edison has the lower 2025 average residential tax bill: $10,585 a year, $9,116 less than $19,701 in Summit. Both are above the NJ average of $10,340.
The median single-family sale price is $726,150 in Edison and $1,750,000 in Summit, $1,023,850 more (GSMLS, 2025 closed sales).
On the site's monthly cost estimate (mortgage, property tax and NJ Transit pass, each on the town's median single-family sale price), Edison comes to $5,635 a month and Summit to $12,054, a gap of $6,419.
Peak commute is 46 minutes in Edison and 42 in Summit, 4 minutes shorter in Summit; the NJ Transit monthly pass to NY Penn is $362 in Summit and $463 in Edison, $101 more.
Figures are from the data file, version 2.3.0. Estimates are labeled. Add a third town in the compare tool.
Monthly cost
Estimated monthly cost Estimate
- Mortgage (principal and interest)
- Property tax
- NJ Transit pass
- Edison$5,635 / monthMortgage $3,959 · Property tax $1,213 · NJ Transit pass $463 · on a $726,150 median single-family home
- Summit$12,054 / monthMortgage $9,541 · Property tax $2,151 · NJ Transit pass $362 · on a $1,750,000 median single-family home
Each town uses its own median single-family sale price (GSMLS, 2025 closed sales) and 2025 effective tax rate. Mortgage is the monthly mortgage in the data: Principal & interest only; excludes taxes and insurance. Calculated at a 7.24% 30-year fixed rate, 20% down, 30-year term. Excludes insurance, utilities, maintenance and HOA fees. Change the numbers in the calculator.
Home prices
Median sale price, condo / townhouse
Source: GSMLS, 2025 closed sales
Property taxes
Schools
Full pages: Edison · Summit. Find a local expert if you want help weighing these two towns.