Summit, NJ, United States

With a median home price of $987,583, Summit is designed for the elite, not the average commuter. The city's population of 22,719 enjoys excellent schools and a direct rail link to Manhattan, but paying over $17,000 in property taxes is the price of admission. Bureaucracy is a persistent headache, with the city fighting off lawsuits from developers over affordable housing requirements. Overall, Summit caters to the finance and real estate crowd seeking large homes, great schools, and a easy commute - if you can afford the steep cost of living.