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Population & People
Population
1,703
Median age
48.8
Median household income
$241,792
Poverty rate
6.8%
Unemployment rate
6.4%
Bachelor's degree+
69.0%
Avg. commute
19 min
Hispanic or Latino
0.8%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$2,000,001
Median gross rent
$3,250/mo
Homeownership rate
91.38%
HUD FMR — 2 bedroom
$1,313
HUD Fair Market Rent (Utah statewide average across 29 areas — not specific to Silver Summit), 2026. Efficiency $981, 1BR $1082, 2BR $1313, 3BR $1746, 4BR $2105. This is a different official figure from Census median gross rent above.
Energy
Utah commercial electricity
10.04¢/kWh
Utah industrial electricity
8.43¢/kWh
Utah residential electricity
13.07¢/kWh
Economy
Gross Domestic Product: All Industry Total
315973.2
Real Gross Domestic Product: All Industry Total
240786.9
All-Transactions House Price Index for Utah
864.92
Unemployment Rate
3.6%
Source: FRED, Utah-specific series.