Living in Summit, Pennsylvania
Cost of living, income, home prices, rent and demographics of Summit · Census data 2020–2024
Summit has 139 residents with a median age of 58.2. The median household income is $48,750 (37% lower than the Pennsylvania median), the median home value is $290,600, the median rent is $975/month.
Summit is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Summit at a glance
- Population
- 139
- Median age
- 58.2State: 40.9
- Median household income
- $48,750State: $77,971
- Median home value
- $290,600State: $254,500
- Median rent
- $975/moState: $1,209
- Homeowners
- 88.7%
- Bachelor's degree or higher
- 32.2%
- Average commute
- 30 min
Is Summit a good place to live?
Pros: A poverty rate of 10.1%.
Cons: Median household income 37% lower than the Pennsylvania median; home values 14% higher than the state median; an average commute of 30 minutes; unemployment of 8.3%.
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 $290,600, 13% lower than the U.S. median. Renters pay a median of $975 per month, which is 42.5% of household income. Homeowners with a mortgage pay $2,641 a month in housing costs.
Summit median household income
The median household income in Summit is $48,750 and the income per person is $77,468. 10.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Summit: homes for sale and rent
- Housing units
- 223
- Owner-occupied
- 88.7%
- Renter-occupied
- 11.3%
- Vacant
- 72.2%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.24
72.2% of homes are vacant most of the year, a sign that Summit has many vacation and second homes.
Summit demographics
- Population
- 139
- Median age
- 58.2
- Under 18
- 7.9%
- 65 and older
- 33.1%
- Households
- 62
- Foreign-born
- 20.1%
- Veterans
- 10.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Summit ›
Education in Summit
32.2% of adults 25 and older in Summit have a bachelor's degree or higher (Pennsylvania: 35.2%), and 24.3% have a graduate or professional degree.
Jobs and commute in Summit
- Unemployment rate
- 8.3%State: 5.3%
- Average commute
- 30 minState: 26 min
- Work from home
- 7%
- Drive alone
- 86%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 85.5%
Summit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Summit | 139 | $48,750 | $290,600 | $975 |
| Homer | 483 | $74,471 | $261,300 | $800 |
| Sweden Valley | 166 | $52,083 | $207,700 | $963 |
| Sweden | 827 | $61,000 | $225,000 | $959 |
| Coudersport | 2,174 | $51,989 | $130,300 | $937 |
| Eulalia | 1,051 | $78,375 | $194,300 | $636 |
| West Branch | 431 | $63,438 | $235,300 | — |
| Austin | 606 | $43,594 | $89,300 | $900 |
| Abbott | 235 | $58,977 | $220,800 | $900 |
More for people moving to Summit
Summit ZIP code ›Weather and climate ›Living in Summit: FAQ
What is the median household income in Summit, PA?
The median household income in Summit is $48,750, 37% lower than the Pennsylvania median of $77,971 (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 $290,600, compared with $254,500 in Pennsylvania.
How much is rent in Summit?
The median gross rent in Summit is $975 per month, about 42.5% of household income.
Is Summit, PA a good place to live?
Pluses: a poverty rate of 10.1%. Minuses: median household income 37% lower than the Pennsylvania median; home values 14% higher than the state median; an average commute of 30 minutes; unemployment of 8.3%.
What is the median age in Summit?
The median age in Summit is 58.2 years (Pennsylvania: 40.9).
How long is the commute in Summit?
The average commute to work in Summit is 30 minutes; 7% of workers work from home.
What is the unemployment rate in Summit?
The unemployment rate in Summit is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Summit?
32.2% 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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