Summit, SC
Population 596 · South Carolina
About Summit, SC
Summit is a small community located in South Carolina with a population of 596 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,250 per year, which is 1% above the national median of $75,149. The median age of 49.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Summit features a median home value of $200,400, which is 18% 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 $1,011, 13% below the national average of $1,163/month. Of the 233 total housing units, 87% are owner-occupied (199 units) and 13% are renter-occupied (31 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Summit shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Summit have an average one-way commute time of 30.7 minutes.
Education & Demographics
13.6% 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 0.7% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 2.2% of the population being foreign-born.
How Summit Ranks in South Carolina
Cost of Living in Summit, SC
Compared to national averages, Summit has a median household income of $76,250 (1% above the national median of $75,149). Home values average $200,400, which is 18% below the national median. Monthly rent at $1,011 is 13% below the US average of $1,163. Within South Carolina, Summit's income is 30% above the state average of $58,738, and home values are 1% below the state median of $202,187.
Why Live in Summit, SC?
Summit offers a strong local economy with a median household income of $76,250, well above the national average, and affordable housing with a median home value of $200,400, below the US average of $244,900, and rent that’s lower than the national average at $1,011/month. Additionally, the city features a strong job market with an unemployment rate of just 0.6%, and a low poverty rate of 6.7%, better than the national average.
Summit has a population of 596 with a median age of 49.6 years. Compare Summit with other cities to see how it stacks up, or explore all cities in South Carolina.
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Other Cities in South Carolina
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, SC?
The population of Summit, SC is 596 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Carolina.
What is the median household income in Summit?
The median household income in Summit, SC is $76,250 per year, which is 1% above the national median of $75,149.
What is the median home value in Summit?
The median home value in Summit, SC is $200,400, which is 18% 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, SC is $1,011, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Summit?
The unemployment rate in Summit, SC is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Summit, SC a good place to live?
Summit offers above-average incomes, affordable housing, and a strong job market. With a population of 596 and a median age of 49.6, the city appeals to established professionals and retirees.
How educated is Summit, SC?
13.6% 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, SC: median home value is $200,400 (18% below national), median rent is $1,011/month, and median household income is $76,250. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Summit?
The poverty rate in Summit, SC is 6.7%, 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, SC?
Summit's population is 0.7% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 10.4% two or more races. 2.2% of residents are foreign-born.