Living in Silver Summit, Utah
Cost of living, income, home prices, rent and demographics of Silver Summit · Census data 2020–2024
Silver Summit has 1,476 residents with a median age of 48.8. The median household income is $241,792 (154% higher than the Utah median), the median home value is $2,000,001, the median rent is $3,250/month.
Silver Summit is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Silver Summit at a glance
- Population
- 1,476
- Median age
- 48.8State: 32
- Median household income
- $241,792State: $95,166
- Median home value
- $2,000,001State: $489,400
- Median rent
- $3,250/moState: $1,496
- Homeowners
- 91.4%
- Bachelor's degree or higher
- 69%
- Average commute
- 28 min
Is Silver Summit a good place to live?
Pros: Median household income 154% higher than the Utah median; a poverty rate of 6.8%.
Cons: Home values 309% higher than the state median; an average commute of 28 minutes; unemployment of 6.4%.
The weather is best in June to September.
Cost of living in Silver Summit
Housing is the biggest part of the cost of living. In Silver Summit the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $3,250 per month, which is 17.5% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Silver Summit median household income
The median household income in Silver Summit is $241,792 and the income per person is $126,768. 6.8% of residents live below the poverty line (Utah: 8.5%).
Housing in Silver Summit: homes for sale and rent
- Housing units
- 635
- Owner-occupied
- 91.4%
- Renter-occupied
- 8.6%
- Vacant
- 14.2%Includes seasonal homes
- Median year built
- 2002
- Average household size
- 2.71
Silver Summit demographics
- Population
- 1,476
- Median age
- 48.8
- Under 18
- 13.2%
- 65 and older
- 19.2%
- Households
- 545
- Foreign-born
- 3.5%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Summit ›
Education in Silver Summit
69% of adults 25 and older in Silver Summit have a bachelor's degree or higher (Utah: 37.7%), and 29.5% have a graduate or professional degree.
Jobs and commute in Silver Summit
- Unemployment rate
- 6.4%State: 3.6%
- Average commute
- 28 minState: 22 min
- Work from home
- 31.9%
- Drive alone
- 57.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 98.5%
Silver Summit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Summit | 1,476 | $241,792 | $2,000,001 | $3,250 |
| East Basin | 4,002 | $145,678 | $1,305,600 | $3,501 |
| Snyderville | 5,948 | $143,517 | $1,104,200 | $2,875 |
| Summit Park | 8,537 | $185,900 | $1,146,800 | $2,257 |
| Park City | 8,362 | $133,558 | $1,757,800 | $1,943 |
| Wanship | 165 | $126,071 | $513,200 | — |
| Hideout | 1,253 | $98,929 | $1,149,600 | $1,442 |
| Peoa | 203 | $198,594 | $896,300 | — |
| Brighton | 311 | $148,139 | $887,900 | — |
More for people moving to Silver Summit
Silver Summit ZIP code ›Weather and climate ›Living in Silver Summit: FAQ
What is the median household income in Silver Summit, UT?
The median household income in Silver Summit is $241,792, 154% higher than the Utah median of $95,166 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Silver Summit?
The median home value in Silver Summit is $2,000,001, compared with $489,400 in Utah.
How much is rent in Silver Summit?
The median gross rent in Silver Summit is $3,250 per month, about 17.5% of household income.
Is Silver Summit, UT a good place to live?
Pluses: median household income 154% higher than the Utah median; a poverty rate of 6.8%. Minuses: home values 309% higher than the state median; an average commute of 28 minutes; unemployment of 6.4%.
What is the median age in Silver Summit?
The median age in Silver Summit is 48.8 years (Utah: 32).
How long is the commute in Silver Summit?
The average commute to work in Silver Summit is 28 minutes; 31.9% of workers work from home.
What is the unemployment rate in Silver Summit?
The unemployment rate in Silver Summit is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Summit?
69% of adults in Silver 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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