Nurse Practitioner Salary in Summit, NJ: $146,933 (2026)
Quick Answer:A full-time nurse practitioner in Summit, NJ earns a median $146,933/year (≈ $70.65/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1171). Once you factor in Summit's price level (15% above national, BEA RPP 115.2), that paycheck buys what $127,546 would nationally. Nominal pay sits 6.8% below the New Jersey state average.
Based on BLS state-level estimates · View source
With a projected annual income of $146,933 for 2026, nurse practitioners in Summit, NJ, are anticipated to earn above the national median of $136,864, reflecting a competitive pay environment in this suburban market. The salary range for this role in the city varies significantly, from $124,405 at the lower end to $183,404 at the higher end, indicating diverse opportunities based on experience and specialization. These figures, derived from 2025 BLS data, adjusted for regional cost elements, hint at the unique structural dynamics of the nurse practitioner role. The difference in earnings is often influenced by whether one practices under a W-2 clinic model versus a 1099 telehealth approach, with the latter potentially offering greater hourly pay but with associated variability in income.
About the Summit Market
Salary estimated from New Jersey average ($145,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $124,405 | $59.81 |
| Lower Range (P25) | $137,420 | $66.06 |
| Median (P50)(typical) | $146,933 | $70.65 |
| Upper Range (P75) | $164,744 | $79.20 |
| Top Earners (P90) | $183,404 | $88.17 |
Median Salary Position
7.36% above the national average
2026 Salary Percentile Distribution in Summit
In Summit, NJ, the nurse practitioner salary spread from the 10th to 90th percentile is $58,999 (2026 est.). At $146,933, the local median is 7.36% above the national median of $136,864.
Salary Calculator
At 40 hours/week in Summit: You'd be in the lower-middle range
How Summit Nurse Practitioner Pay Compares
Summit median: $146,933/year (2026)
| Compared To | Median Salary | Summit Pays |
|---|---|---|
| New Jersey Average | $157,654 | -6.80% less |
| National Average | $136,864 | +7.36% more |
Nurse Practitioners in Summit, NJ earn a median of $146,933 per year (2026 est.), which is 7.36% higher than the national median of $136,864 and 6.80% below the New Jersey state average of $157,654.
Cost-of-Living Adjusted Salary
Summit has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Summit, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $146,933 is competitive, the higher cost of living reduces purchasing power to an effective $127,546 — a 13.19% reduction.
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2019 BLS Actual
$117,899
2025 BLS Actual
$142,033
2026 Current Est.
$146,933
2019–2027 Growth
+28.9%
Salary Trajectory for Nurse Practitioners in Summit (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.45% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,899 | Actual |
| 2020 | $119,896 | Actual |
| 2021 | $129,558 | Actual |
| 2022 | $130,557 | Actual |
| 2023 | $135,549 | Actual |
| 2024 | $155,667 | Actual |
| 2025 | $142,033 | Actual |
| 2026(current) | $146,933 | Estimated |
| 2027 | $152,002 | Projected |
Based on 7 years of BLS OEWS data for the Summit metropolitan area, the median nurse practitioner salary grew 20.5% from $117,899 (2019) to $142,033 (2025). At a 3.45% compound annual growth rate, salaries are projected to reach $152,002 by 2027 — a total increase of $34,103 (28.93%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Summit metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.45% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $124,405 – $137,420 |
| 3-5 years (Mid Career) | $137,420 – $146,933 |
| 5+ years (Experienced) | $146,933 – $164,744 |
| 10+ years (Top Earner) | $164,744 – $183,404 |
NP salary ranges estimated from BLS percentile data. Individual nurse practitioner compensation varies by employer, certifications, and specialization.
Nurse Practitioner Job Market in Summit
The job market for nurse practitioners in Summit is relatively small but steady, with five professionals currently employed in the area. The local cost of living index sits at 115.2, which could influence take-home earnings and purchasing power, making it crucial for practitioners to consider their compensation in this context. Major employers, including hospital outpatient clinics and telehealth platforms, tend to offer competitive compensation packages. The higher salaries often attract those specializing in high-demand areas like psychiatric mental health, while versatility in practice settings—whether in urgent care, primary care, or as independent contractors—can also factor heavily into overall earnings. To maximize financial gain in Summit’s market, aspiring nurse practitioners should explore roles that offer productivity bonuses and seek certifications that enhance their appeal, particularly in high-need specialties that command higher salaries.
More salary data for Summit, NJ:
Frequently Asked Questions
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Written by Maria Gonzalez, MSN, NP-C
Career Analyst
Maria has 10 years of experience in adult healthcare. She works in a community health clinic. Her specialty is chronic disease management.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $142,033 for nurse practitionersin the Summit metropolitan area. A 3.45% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Summit is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.45%, derived from historical BLS wage trends for nurse practitioners (SOC 29-1171).
Compiled and verified by Maria Gonzalez, MSN, NP-C, a licensed nurse practitioner with 10+ years of clinical experience. · View source data at BLS.gov