Living in Summit, Illinois
Cost of living, income, home prices, rent and demographics of Summit · Census data 2020–2024
Summit has 10,846 residents with a median age of 38.1. The median household income is $61,863 (26% lower than the Illinois median), the median home value is $232,600, the median rent is $1,137/month.
Summit at a glance
- Population
- 10,846
- Median age
- 38.1State: 39
- Median household income
- $61,863State: $83,390
- Median home value
- $232,600State: $263,300
- Median rent
- $1,137/moState: $1,274
- Homeowners
- 60.9%
- Bachelor's degree or higher
- 14%
- Average commute
- 29 min
Is Summit a good place to live?
Pros: Home values 12% lower than the state median; unemployment of 5.5%; a poverty rate of 11.2%.
Cons: Median household income 26% lower than the Illinois median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Summit
Housing is the biggest part of the cost of living. In Summit the median home value is $232,600, 30% lower than the U.S. median. Renters pay a median of $1,137 per month, which is 32.3% of household income. Homeowners with a mortgage pay $1,824 a month in housing costs.
Summit median household income
The median household income in Summit is $61,863 and the income per person is $33,359. 11.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Summit: homes for sale and rent
- Housing units
- 4,063
- Owner-occupied
- 60.9%
- Renter-occupied
- 39.1%
- Vacant
- 8.7%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.92
Summit demographics
- Population
- 10,846
- Median age
- 38.1
- Under 18
- 22.3%
- 65 and older
- 17.4%
- Households
- 3,709
- Foreign-born
- 42.7%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Summit ›
Education in Summit
14% of adults 25 and older in Summit have a bachelor's degree or higher (Illinois: 37.8%), and 3% have a graduate or professional degree.
Jobs and commute in Summit
- Unemployment rate
- 5.5%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 5.2%
- Drive alone
- 65.2%
- Public transit
- 8.8%
- Walk to work
- 1.4%
- Homes with broadband
- 84%
Summit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Summit | 10,846 | $61,863 | $232,600 | $1,137 |
| McCook | 268 | $62,375 | $332,100 | $1,295 |
| Lyons | 10,339 | $70,993 | $257,300 | $1,198 |
| Forest View | 1,174 | $89,702 | $260,500 | — |
| Justice | 12,324 | $57,170 | $238,400 | $1,247 |
| Bedford Park | 586 | $99,000 | $271,700 | $1,841 |
| Stickney | 6,952 | $66,942 | $244,900 | $1,154 |
| Riverside | 9,039 | $153,686 | $491,400 | $1,484 |
| Hodgkins | 1,597 | $62,417 | $45,800 | $1,050 |
More for people moving to Summit
Summit ZIP code ›Weather and climate ›Living in Summit: FAQ
What is the median household income in Summit, IL?
The median household income in Summit is $61,863, 26% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Summit?
The median home value in Summit is $232,600, compared with $263,300 in Illinois.
How much is rent in Summit?
The median gross rent in Summit is $1,137 per month, about 32.3% of household income.
Is Summit, IL a good place to live?
Pluses: home values 12% lower than the state median; unemployment of 5.5%; a poverty rate of 11.2%. Minuses: median household income 26% lower than the Illinois median; an average commute of 29 minutes.
What is the median age in Summit?
The median age in Summit is 38.1 years (Illinois: 39).
How long is the commute in Summit?
The average commute to work in Summit is 29 minutes; 5.2% of workers work from home.
What is the unemployment rate in Summit?
The unemployment rate in Summit is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Summit?
14% of adults in Summit have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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