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Silver Summit, Utah

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,476
Population
$241,792
Median Income
$2,000,001
Home Value
48.8
Median Age

Demographics

Silver Summit has a population of 1,476 with a median age of 48.8. Here is the racial and ethnic breakdown of the population:

White
85.9%
Other
12.1%
Asian
1.2%
Hispanic
0.8%
Demographic Value
Total Population1,476
Median Age48.8
White85.9%
Asian1.2%
Hispanic or Latino0.8%
Other / Two or More Races12.1%
Silver Summit, Utah — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 85.9%Other: 12.1%Other: 2.0%1,476PopulationWhiteWhite85.9%OtherOther12.1%OtherOther2.0%

Income & Economy

The median household income in Silver Summit is $241,792, which is 200.0% above the national median of $80,610. The per capita income is $126,768. The poverty rate is 6.8%.

$241,792
Median Household Income
$126,768
Per Capita Income
6.8%
Poverty Rate

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Education

In Silver Summit, 98.4% of residents age 25+ have a high school diploma or higher, and 69.0% hold a bachelor's degree or higher (29.5% with a graduate or professional degree).

HS Diploma+
98.4%
Bachelor's+
69.0%
Graduate+
29.5%
Education Level % of Adults (25+)
High School Diploma or Higher98.4%
Bachelor's Degree or Higher69.0%
Graduate or Professional Degree29.5%

Housing

The median home value in Silver Summit is $2,000,001, above the national median of $303,400. The median monthly rent is $3,250. The homeownership rate is 91.4%.

$2,000,001
Median Home Value
$3,250/mo
Median Rent
91.4%
Homeownership Rate
Housing Metric Value
Median Home Value$2,000,001
Median Monthly Rent$3,250
Homeownership Rate91.4%
Vacancy Rate14.2%

Salaries in Utah

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Frequently Asked Questions

What is the population of Silver Summit, Utah?
The population of Silver Summit, Utah is 1,476 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Silver Summit, Utah?
The median household income in Silver Summit, Utah is $241,792. This is 200.0% above the national median of $80,610.
What is the median home value in Silver Summit, Utah?
The median home value in Silver Summit, Utah is $2,000,001. The median monthly rent is $3,250.
What percentage of people in Silver Summit have a college degree?
In Silver Summit, Utah, 69.0% of adults age 25 and older hold a bachelor's degree or higher, and 98.4% have a high school diploma or higher.
Is Silver Summit, Utah an affordable place to live?
The home price-to-income ratio in Silver Summit, Utah is 8.3x (median home value $2,000,001 vs. median income $241,792), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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