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Silver Summit, UT

Full City Profile · Utah · Salt Lake County County

3.5 /5.0
B+ Good
1,574 Population 140/sq mi density
$235,329 Median Income $116,330 per capita
$2,000,001 Home Value $1,565,742 Zillow
$2,697 Median Rent 16.2% income on rent
44°F Avg Temperature 308 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$235,329 median income, 5.1% unemployment
D
Affordability
1.9 / 5.0
$2,000,001 home value, $2,697/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
75.5% bachelor's degree or higher

Income Overview

Median Household Income
$235,329
213% above
US avg: $75,149
Per Capita Income
$116,330
198% above
US avg: $39,052
Unemployment Rate
5.1%
42% above
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%

Income Comparison: Silver Summit vs. U.S. Average

Each bar shows Silver Summit’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$235,329
313%
Per Capita
US: $39,052
$116,330
298%
IRS Avg AGI
US: $72,000
$95,513
133%
Avg Weekly Wage
US: $1,432
$1,490
104%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,490
4% above US avg ($1,432)
Mean Commute Time
27 min
3% below US avg (28 min)
Work From Home
29.7%
95% above US avg (15.2%)
Drive Alone
60.2%
18% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$153,846M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 60.2%
Public Transit 0%
Work From Home 29.7%
Other 10.1%
Average commute time
27 minutes
US avg: 28 min

Business Landscape

Total Establishments
67,066
Restaurants
2,569
Healthcare
3,689
Retail
3,475
Manufacturing
1,406

Tax & Financial

IRS Avg Adjusted Gross Income
$95,513
33% above US avg ($72,000)
Avg Property Tax
$4,666
33% above US avg ($3,500)
Cost of Living Index
98.9
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$235,329
Per Capita Income$116,330
IRS Avg Adjusted Gross Income$95,513
Avg Weekly Wage$1,490
County GDP$153,846M

Hardship Indicators

Unemployment Rate5.1%
Poverty Rate0.0%
Gini Coefficient0.430
Cost of Living Index98.9

Commute

Mean Commute27 minutes
Drive Alone60.2%
Public Transit0.0%
Work From Home29.7%

Businesses

Total Establishments67,066
Restaurants2,569
Healthcare3,689
Retail3,475
Manufacturing1,406

Tax

IRS Avg AGI$95,513
Avg Property Tax$4,666