Newark vs Summit, NJ
Property taxes, schools, NJ Transit pass and monthly cost for Newark and Summit, side by side with sources.
At a glance
- Lower tax billNewark, $7,641 a year
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Newark has the lower 2025 average residential tax bill: $7,641 a year, $12,060 less than $19,701 in Summit. Newark is below the NJ average of $10,340 and Summit is above it.
- Median sale priceNewark $440,000 vs Summit $1,750,000
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The median single-family sale price is $440,000 in Newark and $1,750,000 in Summit, $1,310,000 more (GSMLS, 2025 closed sales).
- Monthly cost estimateNewark $3,260 vs Summit $12,054
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On the site's monthly cost estimate (mortgage, property tax and NJ Transit pass, each on the town's median single-family sale price), Newark comes to $3,260 a month and Summit to $12,054, a gap of $8,794.
- Peak commuteNewark 18 min vs Summit 42 min
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Peak commute is 18 minutes in Newark and 42 minutes in Summit, 24 minutes shorter in Newark.
- NJ Transit passNewark $184 vs Summit $362
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The NJ Transit monthly pass to NY Penn is $184 in Newark and $362 in Summit, $178 more.
- Higher school resultsSummit: 4-year graduation, ELA, math
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On the district results, Summit's district is higher on 4-year graduation (98.0% vs 90.0%), ELA (82.0% vs 34.3%) and math (75.7% vs 22.0%).
Figures are from the data file, version 2.4.2. Estimates are labeled. Sources and dates are in each section below. Add a third town in the compare tool.
Monthly cost
Estimated monthly cost Estimate
- Mortgage (principal and interest)
- Property tax
- NJ Transit pass
- Newark$3,260 / monthMortgage $2,399 · Property tax $676 · NJ Transit pass $184 · on a $440,000 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
More info
Each town uses its own headline median sale price, single-family unless the town's label says otherwise (GSMLS, 2025 closed sales), and its 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
Source: GSMLS, 2025 closed sales
Property taxes
Average residential tax bill, 2025
- Newark$7,641 / year$2,699 below the NJ average
- Summit$19,701 / year$9,361 above the NJ average
- NJ average$10,340 / yearState total, same series as the town bills
More info
Bills compare better than raw tax rates, because towns assess homes at different shares of market value.
Schools
Commute
Peak commute time
- Newark18 min
More info
Typical from Newark Penn Station: 20 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 19 trips.
- Summit42 min
More info
Typical from Summit: 46.5 min, median trip time of the scheduled trips arriving 7:00-9:00 AM on Wed 2026-11-18 (one itinerary per departure; dominated options excluded). Based on 6 trips.
Full pages: Newark · Summit. Find a local expert if you want help weighing these two towns.