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CITY · 2020 ACS

Silver Summit

Utah · 1,694 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 $143,571. Population has fallen 62% since 2019, a loss of 2,809 residents. 63% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $1,159,300. Poverty is rare here, at 0.7% of residents. Households here earn about 93% more than the Utah median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 43.6
US median: 38.8
More educated
63% hold a bachelor's degree
US average: 33%
Less affordable
home values up 33%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,694
−62%since 2019
from 4,503 in 2019
2010 – 2024
Population density
151 / sq mi
−62%since 2019
from 401 / sq mi in 2019
US average: 280
Median age
43.6
+3%since 2019
from 42.2 in 2019
US average: 38.8
Population, 2010 – 2024
1K2K3K4K5K201020202024Silver Summit
20241K
201020202024
Section 02

Income & economy

Median household income
$143,571
−4%inflation adjusted, since 2019
from $147,404 in 2019
US average: $66,278
2010 – 2024
Per capita income
$76,989
+5%since 2019
from $73,572 in 2019
US average: $35,364
Households earning $100K+
79.3%
+1.1 ptssince 2019
from 78.2% in 2019
US average: 43.9%
Poverty rate
0.7%
+0.4 ptssince 2019
from 0.3% in 2019
US average: 12.8%
Workforce by industry, 2020
Other services18.2%
US avg: 6.6%
Retail trade12.8%
US avg: 10%
Information11.7%
US avg: 11.1%
Finance & insurance9.9%
US avg: 5.5%
Public administration8.7%
US avg: 4.7%
Professional, scientific, technical7.5%
US avg: 4.7%
Wholesale trade5.1%
US avg: 6.7%
Education & health services2.4%
US avg: 0.8%
Transportation & warehousing2%
US avg: 2.5%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$1,159,300
+33%inflation adjusted, since 2019
from $862,200 in 2019
US average: $265,253
2010 – 2024
Median gross rent
$2,199
−17%inflation adjusted, since 2019
from $2,609 in 2019
US average: $1,124
Owner-occupied
91.2%
+3.6 ptssince 2019
from 87.6% in 2019
8.8% rent
Afford Score
8.1
+38%since 2019
from 5.8 in 2019
2010 – 2024
RELATED:See current rent listings in Silver Summit on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic91.3%(4,112)
Black0.2%(11)
Hispanic / Latino4.8%(216)
Asian1.2%(53)
Other2.5%(111)
Diversity Score20.4%(918)
2020
White, non-Hispanic86.4%(1,464)
Black0.1%(2)
Hispanic / Latino5.9%(100)
Asian1.8%(30)
Other6.4%(109)
Diversity Score31.9%(540)
Diversity Score
32
+56%since 2019
from 20 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
62.5%
+3.6 ptssince 2019
from 59.0% in 2019
US average: 32.9%
High school or higher
98.0%
+3.2 ptssince 2019
from 94.8% in 2019
US average: 88.5%
Graduate degree
27.3%
−0.4 ptssince 2019
from 27.8% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
18.9 min
−17%since 2019
from 22.9 min in 2019
US average: 26.9
Drive alone to work
68.1%
−8.9 ptssince 2019
from 77.1% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
1.8%
+0.8 ptssince 2019
from 0.9% in 2019
US average: 5.4%
Labor force participation
66.1%
−2.1 ptssince 2019
from 68.2% in 2019
US average: 63.4%
Management & professional
62.6%
+11.0 ptssince 2019
from 51.6% in 2019
US average: 39.3%
Section 08

People & community

Male
51.7%
+1.3 ptssince 2019
from 50.3% in 2019
Female
48.3%
−1.3 ptssince 2019
from 49.7% in 2019
Foreign born
10.7%
+3.4 ptssince 2019
from 7.3% in 2019
US average: 13.5%
Uninsured
2.6%
+0.3 ptssince 2019
from 2.3% in 2019
US average: 8.8%
Drill deeper

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Compare Silver Summit to nearby cities

SILVER SUMMIT VS
Summit Park
Income$185,900+29%
Home value$1,146,800−1%
Population8,537+478%
SEE FULL COMPARISON →
SILVER SUMMIT VS
Park City
Income$133,558−7%
Home value$1,757,800+52%
Population8,587+482%
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SILVER SUMMIT VS
Heber
Income$110,339−23%
Home value$654,200−44%
Population19,651+1231%
SEE FULL COMPARISON →
SILVER SUMMIT VS
Millcreek
Income$98,045−32%
Home value$627,200−46%
Population63,926+4231%
SEE FULL COMPARISON →
Frequently asked

How many people live in Silver Summit, Utah?

Silver Summit, Utah has about 1,694 residents according to the 2020 American Community Survey.

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

The typical household in Silver Summit, Utah earns about $143,571 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 $1,159,300, and the typical rent is about $2,199 a month.

How educated are people in Silver Summit, Utah?

About 62.5% 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 0.7% 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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