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CITY

Silver Summit

Utah · 1,476 residents · 11.238 sq mi
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The short version

Silver Summit is significantly wealthier than the US average, with a median household income of $241,792. Population has declined 6% since 2023. 69% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $2,000,001. With a median age of 48.8, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 48.8
US median: 38.9
More educated
69% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,476
−6%since 2023
from 1,574 in 2023
2010 – 2024
Population density
131 / sq mi
−6%since 2023
from 140 / sq mi in 2023
US average: 281
Median age
48.8
+13%since 2023
from 43.3 in 2023
US average: 38.9
Population, 2010 – 2024
1K2K3K4K5K201020202024Silver Summit
20241K
201020202024
Section 02

Income & economy

Median household income
$241,792
Unchangedinflation adjusted, since 2023
from $235,329 in 2023
US average: $82,259
2010 – 2024
Per capita income
$126,768
+9%since 2023
from $116,330 in 2023
US average: $44,673
Households earning $100K+
85.5%
−2.4 ptssince 2023
from 87.9% in 2023
US average: 53.3%
Poverty rate
6.8%
+1.6 ptssince 2023
from 5.2% in 2023
US average: 12.5%
Income inequality (Gini)
0.470
−1%since 2023
from 0.474 in 2023
US average: 0.476
Workforce by industry, 2024
Other services15.6%
US avg: 6.7%
Public administration11%
US avg: 4.8%
Retail trade6.9%
US avg: 9.9%
Information5.3%
US avg: 10.8%
Transportation & warehousing4%
US avg: 2.2%
Finance & insurance1.3%
US avg: 5.9%
Professional, scientific, technical1.3%
US avg: 5.1%
Wholesale trade0.9%
US avg: 6.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$2,000,001
−3%inflation adjusted, since 2023
from $2,000,001 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$3,250
+17%inflation adjusted, since 2023
from $2,697 in 2023
US average: $1,442
Owner-occupied
91.4%
+1.0 ptssince 2023
from 90.4% in 2023
8.6% rent
Vacancy rate
14.2%
+3.4 ptssince 2023
from 10.8% in 2023
US average: 10.0%
Owner cost-burdened
16.3%
−0.1 ptssince 2023
from 16.4% in 2023
US average: 22.9%
Renter cost-burdened
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 47.4%
Afford Score
8.3
−3%since 2023
from 8.5 in 2023
2010 – 2024
Gentrification Score
95
RELATED:See current rent listings in Silver Summit on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic86.5%(1,362)
Black0%(0)
Hispanic / Latino0.8%(13)
Asian0.7%(11)
Other11.9%(188)
Diversity Score29.6%(466)
2024
White, non-Hispanic85.6%(1,263)
Black0%(0)
Hispanic / Latino0.8%(12)
Asian1.2%(18)
Other12.4%(183)
Diversity Score31.5%(465)
Diversity Score
32
+6%since 2023
from 30 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
69.0%
−6.6 ptssince 2023
from 75.5% in 2023
US average: 35.6%
High school or higher
98.4%
−0.7 ptssince 2023
from 99.1% in 2023
US average: 89.6%
Graduate degree
29.5%
−5.2 ptssince 2023
from 34.7% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
28.3 min
+6%since 2023
from 26.7 min in 2023
US average: 26.5
Drive alone to work
57.8%
−2.4 ptssince 2023
from 60.2% in 2023
US average: 68.9%
Carpooled to work
8.9%
+0.2 ptssince 2023
from 8.7% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
31.9%
+2.2 ptssince 2023
from 29.7% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
2.4%
Unchangedsince 2023
from 2.4% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.4%
−2.0 ptssince 2023
from 8.4% in 2023
US average: 5.2%
Labor force participation
61.1%
+0.3 ptssince 2023
from 60.8% in 2023
US average: 63.5%
Self-employed
13.9%
−3.1 ptssince 2023
from 17.0% in 2023
US average: 13.1%
Management & professional
72.4%
−1.6 ptssince 2023
from 73.9% in 2023
US average: 42.5%
Section 08

People & community

Male
54.6%
+0.6 ptssince 2023
from 54.0% in 2023
Female
45.4%
−0.6 ptssince 2023
from 46.0% in 2023
Foreign born
3.5%
+0.5 ptssince 2023
from 3.0% in 2023
US average: 14.1%
Veterans
7.5%
+0.7 ptssince 2023
from 6.8% in 2023
US average: 6.2%
With a disability
6.0%
+4.6 ptssince 2023
from 1.4% in 2023
US average: 13.3%
Uninsured
9.5%
−3.8 ptssince 2023
from 13.3% in 2023
US average: 8.4%
Broadband at home
98.5%
+0.3 ptssince 2023
from 98.2% in 2023
US average: 91.0%
English only at home
95.2%
−0.4 ptssince 2023
from 95.6% in 2023
US average: 77.7%
Spanish at home
1.8%
−0.1 ptssince 2023
from 2.0% in 2023
US average: 13.6%
Drill deeper

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Compare Silver Summit to nearby cities

SILVER SUMMIT VS
Summit Park
Income$185,900−23%
Home value$1,146,800−43%
Population8,537+478%
SEE FULL COMPARISON →
SILVER SUMMIT VS
Park City
Income$133,558−45%
Home value$1,757,800−12%
Population8,587+482%
SEE FULL COMPARISON →
SILVER SUMMIT VS
Heber
Income$110,339−54%
Home value$654,200−67%
Population19,651+1231%
SEE FULL COMPARISON →
SILVER SUMMIT VS
Millcreek
Income$98,045−59%
Home value$627,200−69%
Population63,926+4231%
SEE FULL COMPARISON →
Frequently asked

How many people live in Silver Summit, Utah?

Silver Summit, Utah has about 1,476 residents according to the 2024 American Community Survey.

What is the median household income in Silver Summit, Utah?

The typical household in Silver Summit, Utah earns about $241,792 a year. Half of households make more than that, and half make less.

Is Silver Summit, Utah expensive?

In Silver Summit, Utah, the median home is worth about $2,000,001, and the typical rent is about $3,250 a month.

How educated are people in Silver Summit, Utah?

About 69.0% of adults age 25 and over in Silver Summit, Utah hold a bachelor's degree or higher.

What is the poverty rate in Silver Summit, Utah?

About 6.8% of people in Silver Summit, Utah live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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