Summit, IL
Population 10,896 · Illinois
About Summit, IL
Summit is a mid-sized city located in Illinois with a population of 10,896 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,417 per year, which is 20% below the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Summit features a median home value of $224,800, which is 8% below the national median of $244,900. This positions Summit in a moderately priced market relative to the rest of the country. Median monthly rent is $1,012, 13% below the national average of $1,163/month. Of the 3,934 total housing units, 62% are owner-occupied (2,229 units) and 38% are renter-occupied (1,388 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Summit shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Summit have an average one-way commute time of 30.9 minutes.
Education & Demographics
12.1% of Summit residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 68.1% White, 2.4% Hispanic or Latino, 1.8% Black or African American, and 6.0% Asian residents, with 42.2% of the population being foreign-born.
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.
Compare Summit With Other Cities
Frequently Asked Questions about Summit
What is the population of Summit, IL?
The population of Summit, IL is 10,896 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Summit?
The median household income in Summit, IL is $60,417 per year, which is 20% below the national median of $75,149.
What is the median home value in Summit?
The median home value in Summit, IL is $224,800, which is 8% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Summit?
The median monthly rent in Summit, IL is $1,012, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Summit?
The unemployment rate in Summit, IL is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Summit, IL a good place to live?
Summit offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 10,896 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Summit, IL?
12.1% of residents in Summit aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Summit?
Key cost-of-living indicators for Summit, IL: median home value is $224,800 (8% below national), median rent is $1,012/month, and median household income is $60,417. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Summit?
The poverty rate in Summit, IL is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Summit, IL?
Summit's population is 68.1% White, 2.4% Hispanic or Latino, 1.8% Black or African American, 6.0% Asian, and 6.7% two or more races. 42.2% of residents are foreign-born.