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Silver Summit, Utah Demographics & Population 2026

Highest IncomeHighest median household income in Utah
Expensive MarketHome value to income ratio of 8.3x indicates a costly housing market

During the 2020–2024 ACS period, Silver Summit, Utah had a total population of 1,476, the 154th largest community in Utah, with a median household income of $241,792, which is 154% higher than the state average. The poverty rate is 6.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Silver Summit Quick Facts

Population 1,476
Median Household Income $241,792
Median Home Value $2,000,000+
Poverty Rate 6.8%
Unemployment Rate 6.4%
Median Age 48.8 years
Homeownership Rate 91.4%
Affordability Ratio 8.3x
Bachelor's Degree or Higher 69.0%
High School Graduation Rate 98.4%
Diversity Index 25/100
Population 1,476 154th of 326
Median Income $241,792 top 10%
Poverty Rate 6.8% 45% lower than national
Median Home Value $2,000,000+ top 10%

How Silver Summit Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,5741,476-6.2%
Median household income$235,329$241,792+2.7%
Median home value$2,000,000+$2,000,000++0.0%

How Silver Summit Compares

Economy & Housing

Household Income Distribution

Under $25K 3.7%
$25K-$50K 2.2%
$50K-$100K 14.9%
$100K+ 79.3%
Detailed income brackets
Under $10K
0.0%
$10K-$15K
1.5%
$15K-$20K
2.2%
$20K-$25K
0.0%
$25K-$30K
2.2%
$30K-$35K
0.0%
$35K-$40K
0.0%
$40K-$45K
0.0%
$45K-$50K
0.0%
$50K-$60K
0.0%
$60K-$75K
8.6%
$75K-$100K
6.2%
$100K-$125K
7.2%
$125K-$150K
6.1%
$150K-$200K
7.9%
$200K+
58.2%

Employment

6.4% Unemployment Rate State: 3.6%|National: 5.2%
61.1% Labor Force Participation

Housing Overview

Owner 91.4%
Renter 8.6%
Affordability Index Very Expensive
8.3x home value to income ratio
Median gross rent $3,250/mo 16.1% of median household income annually

People & Demographics

Diversity Index

25out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Silver Summit Rankings in Utah

#154 Population of 326
#1 Median Income of 295
#9 Education of 326
#1 Home Value of 306

Other Cities in Summit County

CityPopulationMedian IncomePovertyHome Value
Summit Park 8,537 $185,900 2.2% $1,146,800
Park City 8,362 $133,558 6.5% $1,757,800
Snyderville 5,948 $143,517 4.6% $1,104,200
East Basin 4,002 $145,678 7.5% $1,305,600
Kamas 2,096 $96,638 2.3% $515,500
Francis 1,989 $117,054 0.7% $792,700
Coalville 1,881 $95,729 12.1% $462,200
Oakley 1,638 $125,550 6.1% $673,500
Henefer 1,005 $93,654 0.0% $440,200
Marion 830 $82,826 8.6% $532,400

Cities Similar to Silver Summit

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Emigration Canyon1,433$190,833$1,065,50072.3%2.6%
Mendon1,482$148,261$594,10052.8%1.5%
Woodland Hills1,559$151,964$812,50050.8%5.6%
South Willard1,532$119,327$583,00037.4%4.5%
Mantua1,677$142,188$607,10041.4%2.4%

Population Overview

Silver Summit is a small community located in Utah, within Summit County. The total population is 1,476. It ranks as the 154th most populous out of 326 Census-designated places in Utah.

Age Demographics

The median age in Silver Summit is 48.8 years. This is 52% higher than the state median of 32.0 years. Only 13.2% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Silver Summit is $241,792. This is 154% higher than the state median of $95,166. It is also 199% higher than the national median of $80,734. The poverty rate stands at 6.8%. This is 20% lower than the state poverty rate of 8.5%. The unemployment rate is 6.4%. This is 81% higher than the state rate of 3.6%. The median home value is $2,000,000+. Housing costs are 309% higher than the state median of $489,400. The home-value-to-income ratio of 8.3x suggests that housing affordability is a significant concern for many residents. 91.4% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 70.3%.

Race & Ethnicity

Silver Summit has a predominantly White (non-Hispanic) population, comprising 85.6% of all residents. Asian residents account for 1.2%. The Hispanic or Latino population (0.8%) is well below the state average of 15.9%.

Education

69.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Silver Summit in the top 10% of all cities in the state for educational attainment. This is 83% higher than the state rate of 37.7%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.4%. Notably, 29.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Silver Summit, Utah is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Utah state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 326 Census-designated places in Utah. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Silver Summit, Utah?

Silver Summit, Utah has a population of 1,476 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Silver Summit, UT?

The median household income in Silver Summit is $241,792, which is 199% higher than the national median of $80,734.

What is the poverty rate in Silver Summit, UT?

The poverty rate in Silver Summit is 6.8%. This means approximately 100 residents live below the federal poverty line.

What is the racial makeup of Silver Summit, Utah?

Silver Summit's population is 85.6% White, 0.0% Black, 0.8% Hispanic/Latino, and 1.2% Asian.

What is the median home value in Silver Summit, UT?

The median home value in Silver Summit is $2,000,000+. The home-value-to-income ratio is 8.3x.

How educated is Silver Summit, Utah?

69.0% of adults (25+) in Silver Summit hold a bachelor's degree or higher, and 29.5% hold a graduate or professional degree.