Summit, IL
Population 10,896 · Illinois
About Summit, IL
Summit is a mid-sized city in Illinois with a population of 10,896 residents. The median household income is $60,417 per year, which is near the national average. The median age in Summit is 38.5 years.
Housing in Summit has a median home value of $224,800 and median monthly rent of $1,012. Of the 3,934 total housing units, the majority are owner-occupied, with 2,229 owner-occupied and 1,388 renter-occupied units.
The unemployment rate in Summit is 7.0% and the poverty rate is 12.0%. 12.1% of residents hold a bachelor's degree or higher. The average commute time is 30.9 minutes.
Cost of Living in Summit, IL
Compared to national averages, Summit has a median household income of $60,417 (20% below the national median of $75,149). Home values average $224,800, which is 8% below the national median. Monthly rent at $1,012 is 13% below the US average of $1,163. Within Illinois, Summit's income is 20% below the state average of $75,072, and home values are 36% above the state median of $165,779.
Why Live in Summit, IL?
Summit offers affordable housing with a median home value of $224,800, below the US average of $244,900, and rent that’s lower than the national average at $1,012/month, and a low poverty rate of 12.0%, better than the national average.
Potential considerations include median household income ($60,417) that falls below the national average. However, Summit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Summit has a population of 10,896 with a median age of 38.5 years. Compare Summit with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Summit
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Troy | 10,889 | $97,825 | $240,800 | Compare |
| Roscoe | 10,881 | $97,704 | $215,200 | Compare |
| Fox Lake | 10,872 | $69,896 | $219,300 | Compare |
| Barrington | 11,049 | $150,714 | $580,900 | Compare |
| Waterloo | 11,055 | $92,005 | $237,900 | Compare |
| Worth | 10,731 | $56,998 | $220,200 | Compare |
| Columbia | 11,063 | $107,922 | $290,100 | Compare |
| Campton Hills | 10,724 | $192,727 | $510,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Summit
What is the population of Summit, IL?
The population of Summit, IL is 10,896 according to the latest Census data.
What is the median household income in Summit?
The median household income in Summit, IL is $60,417 per year.
What is the median home value in Summit?
The median home value in Summit, IL is $224,800.
What is the average rent in Summit?
The median monthly rent in Summit, IL is $1,012.
What is the unemployment rate in Summit?
The unemployment rate in Summit, IL is 7.0%.