Living in Summit, South Dakota
Cost of living, income, home prices, rent and demographics of Summit · Census data 2020–2024
Summit has 359 residents with a median age of 29.5. The median household income is $60,000 (20% lower than the South Dakota median), the median home value is $98,100, the median rent is $763/month.
Summit is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Summit at a glance
- Population
- 359
- Median age
- 29.5State: 38
- Median household income
- $60,000State: $75,081
- Median home value
- $98,100State: $257,400
- Median rent
- $763/moState: $946
- Homeowners
- 64.8%
- Bachelor's degree or higher
- 4.9%
- Average commute
- 26 min
Is Summit a good place to live?
Pros: Home values 62% lower than the state median.
Cons: Median household income 20% lower than the South Dakota median; an average commute of 26 minutes; unemployment of 4.9%; a poverty rate of 14.5%.
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 $98,100, 71% lower than the U.S. median. Renters pay a median of $763 per month, which is 21.7% of household income. Homeowners with a mortgage pay $1,193 a month in housing costs.
Summit median household income
The median household income in Summit is $60,000 and the income per person is $25,927. 14.5% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Summit: homes for sale and rent
- Housing units
- 145
- Owner-occupied
- 64.8%
- Renter-occupied
- 35.2%
- Vacant
- 15.9%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.94
Summit demographics
- Population
- 359
- Median age
- 29.5
- Under 18
- 32.6%
- 65 and older
- 11.7%
- Households
- 122
- Foreign-born
- 0%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Summit ›
Education in Summit
4.9% of adults 25 and older in Summit have a bachelor's degree or higher (South Dakota: 31.9%), and 3.4% have a graduate or professional degree.
Jobs and commute in Summit
- Unemployment rate
- 4.9%State: 2.9%
- Average commute
- 26 minState: 18 min
- Work from home
- 10.4%
- Drive alone
- 75.1%
- Public transit
- 0%
- Walk to work
- 4.6%
- Homes with broadband
- 84.4%
Summit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Summit | 359 | $60,000 | $98,100 | $763 |
| Wilmot | 381 | $59,583 | $78,300 | $608 |
| Waubay | 337 | $36,389 | $152,800 | $603 |
| Enemy Swim | 301 | $30,357 | $85,800 | $433 |
| South Shore | 183 | $56,944 | $86,800 | $642 |
| Peever Flats | 119 | $60,375 | — | $446 |
| Peever | 145 | $41,750 | $38,600 | $579 |
| Agency Village | 980 | $50,625 | $257,100 | $702 |
| Milbank | 3,525 | $56,011 | $155,000 | $548 |
More for people moving to Summit
Summit ZIP code ›Weather and climate ›Living in Summit: FAQ
What is the median household income in Summit, SD?
The median household income in Summit is $60,000, 20% lower than the South Dakota median of $75,081 (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 $98,100, compared with $257,400 in South Dakota.
How much is rent in Summit?
The median gross rent in Summit is $763 per month, about 21.7% of household income.
Is Summit, SD a good place to live?
Pluses: home values 62% lower than the state median. Minuses: median household income 20% lower than the South Dakota median; an average commute of 26 minutes; unemployment of 4.9%; a poverty rate of 14.5%.
What is the median age in Summit?
The median age in Summit is 29.5 years (South Dakota: 38).
How long is the commute in Summit?
The average commute to work in Summit is 26 minutes; 10.4% of workers work from home.
What is the unemployment rate in Summit?
The unemployment rate in Summit is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Summit?
4.9% 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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