Last updated: 2024 BLS data · Page refreshed:
Summit has a population of 5,114 with a median age of 50.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 5,114 |
| Median Age | 50.4 |
| White | 90.8% |
| Black or African American | 0.2% |
| Asian | 0.7% |
| Hispanic or Latino | 2.7% |
| Other / Two or More Races | 5.6% |
The median household income in Summit is $140,682, which is 74.5% above the national median of $80,610. The per capita income is $63,394. The poverty rate is 5.0%.
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In Summit, 99.1% of residents age 25+ have a high school diploma or higher, and 54.3% hold a bachelor's degree or higher (19.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 99.1% |
| Bachelor's Degree or Higher | 54.3% |
| Graduate or Professional Degree | 19.1% |
The median home value in Summit is $533,300, above the national median of $303,400. The median monthly rent is $1,615. The homeownership rate is 91.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $533,300 |
| Median Monthly Rent | $1,615 |
| Homeownership Rate | 91.2% |
| Vacancy Rate | 9.3% |
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