Summit, SD
Population 389 · South Dakota
About Summit, SD
Summit is a small community in South Dakota with a population of 389 residents. The median household income is $57,500 per year, which is near the national average. The median age in Summit is 24.4 years.
Housing in Summit has a median home value of $84,000 and median monthly rent of $775. Of the 135 total housing units, the majority are owner-occupied, with 78 owner-occupied and 36 renter-occupied units.
The unemployment rate in Summit is 5.7% and the poverty rate is 22.1%. 5.8% of residents hold a bachelor's degree or higher. The average commute time is 29.4 minutes.
Cost of Living in Summit, SD
Compared to national averages, Summit has a median household income of $57,500 (23% below the national median of $75,149). Home values average $84,000, which is 66% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within South Dakota, Summit's income is 11% below the state average of $64,650, and home values are 42% below the state median of $143,757.
Why Live in Summit, SD?
Summit offers affordable housing with a median home value of $84,000, below the US average of $244,900, and rent that’s lower than the national average at $775/month.
Potential considerations include median household income ($57,500) 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 389 with a median age of 24.4 years. Compare Summit with other cities to see how it stacks up, or explore all cities in South Dakota.
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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, SD?
The population of Summit, SD is 389 according to the latest Census data.
What is the median household income in Summit?
The median household income in Summit, SD is $57,500 per year.
What is the median home value in Summit?
The median home value in Summit, SD is $84,000.
What is the average rent in Summit?
The median monthly rent in Summit, SD is $775.
What is the unemployment rate in Summit?
The unemployment rate in Summit, SD is 5.7%.