Silver Summit

Population: 1,574
Median household income: $235,329
Median home value: $2,000,001

Silver Summit, a community in Summit County, Utah, has 1,574 residents. Its median household income of $235,329 runs above the Summit County figure of $137,058.

Between 2019 and 2023, Silver Summit's population declined 65.0% from 4,503 to 1,574, while its median home value rose 132.0% from $862,200 to $2,000,001.

The largest age group is 45 to 54, 20.1% of residents. White (non-Hispanic) residents are the largest group, 86.5% of the population.

Demographics

ACS 2019–2023

Population: 1,574
Median age: 43.3 yrs
Median household income: $235,329
Median home value: $2,000,001
Median gross rent: $2,697
Housing units: 620
Homeownership rate: 90.4%
Bachelor's degree or higher: 75.5%
Unemployment rate: 8.4%

Trends

ACS 5-year · 2019–2023

Population

4,5031,574

Median household income

$147,404$235,329

Median home value

$862,200$2,000,001

Median gross rent

$2,609$2,697

Year	Population	Median household income	Median home value	Median gross rent
2019	4,503	$147,404	$862,200	$2,609
2020	1,256	$143,571	$1,159,300	$2,199
2021	1,421	$195,750	$1,316,500	$2,289
2022	1,703	$226,442	$1,619,500	$2,538
2023	1,574	$235,329	$2,000,001	$2,697

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 50.6%

5 to 1714.4%

18 to 2411.3%

25 to 3413.6%

35 to 4411.7%

45 to 5420.1%

55 to 6410.5%

65 to 7416.3%

75 and over1.6%

	Count	Share
Under 5	9	0.6%
5 to 17	226	14.4%
18 to 24	178	11.3%
25 to 34	214	13.6%
35 to 44	184	11.7%
45 to 54	316	20.1%
55 to 64	165	10.5%
65 to 74	257	16.3%
75 and over	25	1.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,362	86.5%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	11	0.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	188	11.9%
Hispanic or Latino (any race)	13	0.8%

Educational attainment (age 25+)

No high school diploma0.9%

High school graduate5.9%

Some college or associate's17.6%

Bachelor's degree40.8%

Graduate or professional degree34.7%

	Count	Share
No high school diploma	11	0.9%
High school graduate	69	5.9%
Some college or associate's	204	17.6%
Bachelor's degree	474	40.8%
Graduate or professional degree	403	34.7%

Commute to work

Mean travel time to work: 27 min

Drove alone60.2%

Carpooled8.7%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home29.7%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	464	60.2%
Carpooled	67	8.7%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	229	29.7%
Other means	11	1.4%

Travel time

	Count	Share
Under 15 min	89	16.4%
15 to 29 min	223	41.1%
30 to 44 min	123	22.7%
45 to 59 min	28	5.2%
60+ min	79	14.6%

Households

Average household size: 2.85
Poverty rate: 5.2% (82 of 1,564)

	Count	Share
Family households	401	72.5%
Nonfamily households	152	27.5%

Housing

Median year structure built: 2001

Occupancy

	Count	Share
Occupied	553	89.2%
Vacant	67	10.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	500	90.4%
Renter-occupied	53	9.6%

1-unit, detached93.7%

1-unit, attached0.0%

2 to 4 units6.3%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	581	93.7%
1-unit, attached	0	0.0%
2 to 4 units	39	6.3%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 4969280
Type (LSAD): 57
Land area: 11 sq mi
Water area: 0 sq mi
Center point: 40.7489, -111.5139