Silver Summit, UT
Population 1,574 · Utah
About Silver Summit, UT
Silver Summit is a small community in Utah with a population of 1,574 residents. The median household income is $235,329 per year, which is above the national average. The median age in Silver Summit is 43.3 years.
Housing in Silver Summit has a median home value of $2,000,001 and median monthly rent of $2,697. Of the 620 total housing units, the majority are owner-occupied, with 500 owner-occupied and 53 renter-occupied units.
The unemployment rate in Silver Summit is 8.4% and the poverty rate is 5.2%. 75.5% of residents hold a bachelor's degree or higher. The average commute time is 26.7 minutes.
How Silver Summit Ranks in Utah
Cost of Living in Silver Summit, UT
Compared to national averages, Silver Summit has a median household income of $235,329 (213% above the national median of $75,149). Home values average $2,000,001, which is 717% above the national median. Monthly rent at $2,697 is 132% above the US average of $1,163. Within Utah, Silver Summit's income is 165% above the state average of $88,715, and home values are 369% above the state median of $426,386.
Why Live in Silver Summit, UT?
Silver Summit offers a strong local economy with a median household income of $235,329, well above the national average, and a well-educated community where 75.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $2,000,001. However, Silver Summit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Silver Summit has a population of 1,574 with a median age of 43.3 years. Compare Silver Summit with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Silver Summit
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wolf Creek | 1,599 | $162,708 | $699,500 | Compare |
| Enterprise | 1,543 | $72,407 | $311,700 | Compare |
| Fountain Green | 1,539 | $70,402 | $321,000 | Compare |
| Wellington | 1,526 | $58,807 | $173,100 | Compare |
| Mantua | 1,642 | $134,239 | $570,000 | Compare |
| Elwood | 1,643 | $99,375 | $480,100 | Compare |
| Mona | 1,647 | $91,552 | $418,900 | Compare |
| Ballard | 1,648 | $81,250 | $241,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Silver Summit
What is the population of Silver Summit, UT?
The population of Silver Summit, UT is 1,574 according to the latest Census data.
What is the median household income in Silver Summit?
The median household income in Silver Summit, UT is $235,329 per year.
What is the median home value in Silver Summit?
The median home value in Silver Summit, UT is $2,000,001.
What is the average rent in Silver Summit?
The median monthly rent in Silver Summit, UT is $2,697.
What is the unemployment rate in Silver Summit?
The unemployment rate in Silver Summit, UT is 8.4%.