Insight
Summit, NJ: a shrinking survey count, and 74 people in our $1M+ set
The survey puts Summit's Asian Indian community near 440, down from about 760. Our database places 74 people there at $1M+, 28 at $5M+.
Summit has about 440 residents of Asian Indian descent, down from about 760 in the 2015–2019 survey [1][2]. That is under 2% of a city of 22,700 [1][3].
Our database places 74 people in Summit at an estimated $1M+: 46 in the $1M–5M band and 28 in our $5M+ bands [6].
- 437 residents of Asian Indian descent (alone or in combination) in Summit, New Jersey, 2020–2024 average [1], or 1.9% of the population [3].
- -42.6% versus the 2015–2019 estimate of 761 [1][2] (our calculation).
- 74 people in the HeyAlbert database placed in Summit, New Jersey at an estimated $1M+, of whom 28 are in our $5M+ bands [6].
How Summit compares with nearby places
The Census Bureau's American Community Survey counts 437 people who report Asian Indian ancestry, alone or with another group, in Summit [1], against 761 in 2015–2019 [2]. The table compares it with the places in Union County that have the largest Asian Indian communities. Figures are for whole places, and some places extend into neighboring counties [1][2][4].
| Place | 2020–2024 | 2015–2019 | Change | Share of place |
|---|---|---|---|---|
| Roselle Park | 1,091 | 529 | 106% | 7.7% |
| Westfield | 984 | 461 | 113% | 3.2% |
| Elizabeth | 620 | 1,120 | -45% | 0.5% |
| New Providence | 573 | 1,119 | -49% | 4.2% |
| Rahway | 569 | 617 | -8% | 1.9% |
| Summit | 437 | 761 | -43% | 1.9% |
| Linden | 259 | 623 | -58% | 0.6% |
| Fanwood | 253 | 139 | 82% | 3.2% |
Asian Indian alone or in any combination. Sources: ACS 5-year estimates [1][2][4]; totals from Table B01003. Change and share are our calculations. Estimates carry margins of error.
Union County's community is spread thin: no place in its table has more than about 1,100 residents of Asian Indian descent [1][2][4]. Westfield and Roselle Park roughly doubled while Summit and New Providence fell [1][2][4]. Small communities carry wide survey margins.
What the HeyAlbert database shows in Summit, New Jersey
HeyAlbert builds profiles of Indian-American individuals with an estimated net worth of $1M or more from public records, and every estimate is tied to a cited source. Our database currently places 74 such people in Summit, New Jersey [6]. That is a count of people we have found and estimated, not a census of wealthy households: our coverage is partial and uneven.
| Estimated net-worth band | People in our database |
|---|---|
| $5M+ | 28 |
| $1M–5M | 46 |
| Total, $1M+ | 74 |
Source: HeyAlbert database [6]. Bands are estimates from public evidence; $5M+ combines our $5–15M and $25M+ tiers. Cells under 25 are suppressed.
| City | $1M+ | of which $5M+ |
|---|---|---|
| Summit | 74 | 28 |
Source: HeyAlbert database [6]. Cities with 25+ people at $1M+; cells under 25 shown as <25. The city is where our sources place the person; for some records it is a workplace rather than a home. Our records are matched on the city name Summit; the Census figures are for the whole place.
Of the 74 people in our Summit set, 46 are in the $1M–5M band and 28 in our $5M+ bands [6]. Fewer than 25 have a public giving signal [6].
Why our Summit, New Jersey count looks the way it does
Each estimate in our database rests on a primary piece of public evidence. The mix differs from place to place, depending on which records we have been able to process, and it shapes the counts above more than any real difference in wealth does [6].
| Primary evidence for the estimate | People | Share |
|---|---|---|
| Home value (public assessor or listing records) | 39 | 53% |
| Other public signals (executive roles, company filings, gifts, pay) | 28 | 38% |
Source: HeyAlbert database [6], people at $1M+. Categories under 25 not shown.
Home values support 39 estimates and other public signals 28 [6]. Fewer than 25 rest on patents, SEC filings or licenses [6].
What it means if you work with these families
For advisors, Summit still shows a $5M+ tier in our data even as the survey count fell [1][2][6]. Our Union County post covers the rest of the county.
Methodology
Census figures are American Community Survey 5-year estimates for 2020–2024 and 2015–2019, Table B02018, using “Asian Indian, alone or in any combination” [1][2]. Total population comes from Table B01003 [3]. The Census Bureau changed how it codes detailed race responses in 2020, so part of the change between the two periods may reflect coding rather than migration. All estimates carry margins of error. Shares and growth rates are our calculations.
HeyAlbert counts are aggregates from our database as of November 2, 2026 [6]. They include people we identified as likely of Indian origin with an estimated net worth of $1M or more, based on public records such as property assessments, professional licenses, patents, SEC filings and donor rolls. Coverage is partial and depends on which public records exist and which we have processed. These counts are not population totals. Any cell under 25 is suppressed, and we publish aggregates only, never individual records.
Related
- Union County, NJ: Summit's small community carries a deep $5M+ tier
- Indian-American wealth in the New York metro: the center has moved to New Jersey
HeyAlbert finds Indian-American families worth $1M+ and tells you who to call, with every fact cited. See who is in Summit, New Jersey at heyalbert.site.
Sources
- ACS 2020–2024 5-year estimates, Table B02018, places in New Jersey. US Census Bureau. https://data.census.gov/table/ACSDT5Y2024.B02018?g=040XX00US34$1600000 (data: machine-readable)
- ACS 2015–2019 5-year estimates, Table B02018, places in New Jersey. US Census Bureau. https://data.census.gov/table/ACSDT5Y2019.B02018?g=040XX00US34$1600000 (data: machine-readable)
- ACS 2020–2024 5-year estimates, Table B01003 (total population), places in New Jersey. US Census Bureau. https://data.census.gov/table/ACSDT5Y2024.B01003?g=040XX00US34$1600000 (data: machine-readable)
- ACS 2020–2024 5-year estimates, Table B02018, places in Union County, New Jersey. US Census Bureau. https://data.census.gov/table/ACSDT5Y2024.B02018?g=050XX00US34039$1600000 (data: machine-readable)
- ACS 2020–2024 5-year estimates, Table B01003, places in Union County, New Jersey. US Census Bureau. https://data.census.gov/table/ACSDT5Y2024.B01003?g=050XX00US34039$1600000 (data: machine-readable)
- HeyAlbert database, aggregate counts (snapshot as of November 2, 2026); how we build it is described on our methodology page. HeyAlbert. https://heyalbert.site/research/methodology/
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