Summit, NJ's Data
About Summit, NJ's
Summit is a city in Union County, New Jersey, United States, known for its vibrant history and picturesque setting. Originally inhabited by the Lenape Native Americans, the area was later settled by Europeans in the 18th century, becoming a notable resort town by the 19th century due to its elevated location and cooler climate. Today, Summit is recognized for its well-preserved suburban character, distinguished schools, and proximity to New York City, making it a desirable location for commuters.
City: Summit
State: New Jersey
Country: United States
Population: 21457
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Summit, NJ
Hike: Here are a couple of local trails to check out!
Local Attractions in Summit, NJ
Reeves-Reed Arboretum - A historical estate and public garden offering educational programs and seasonal events.
Summit Playhouse - A community theater providing local entertainment and cultural productions since 1918.
Visual Arts Center of New Jersey - An arts institution offering exhibitions, classes, and workshops to promote visual arts.
Summit Downtown - A vibrant shopping and dining district with a variety of shops, cafes, and restaurants.
Watchung Reservation - A large county park with trails, a nature center, and scenic views, located near Summit.
The Economy of Summit, NJ
Summit's economy is primarily driven by its proximity to major metropolitan areas, making it a hub for commuters working in New York City. The local economy benefits from a mixture of small businesses, healthcare services, and corporate entities. Celgene, a major biotechnology company, was headquartered in Summit until its acquisition by Bristol Myers Squibb in 2019, reflecting the city's importance in the pharmaceutical industry. The presence of numerous boutiques, restaurants, and service-oriented businesses contribute to the city's economic vitality.
Summit, NJ Inflation
Understanding the BLS and Inflation in Summit, NJ
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Summit, NJ. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Summit, NJ understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Summit, NJ using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Summit, NJ when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Summit, NJ
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