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The total population of Mount Summit is estimated to be 430 with 206 males (47.91%) and 224 females (52.09%). There are 18 more females than males in Mount Summit.
The median household income in Mount Summit was $63,646 in 2021, which marked an a decrease of 10,716(14.41%) from $74,362 in 2020. This income is 85.31% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Mount Summit sees its highest median household income among householders in the age group of 65 years and over old, at $76,156. Overall, the median household income for the town of Mount Summit stands at $63,646.
In Mount Summit, the median income for all workers aged 15 years and older, regardless of work hours, was $47,020 for males and $33,074 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,159 for males and $34,744 for females.
In Mount Summit, population is primarily represented by White households, reporting a median income of $63,575.
In 2022, the population of Mount Summit was 340, a 0.87% decrease year-by-year from 2021. Previously, in 2021, Mount Summit's population was 343, an increase of 0.59% compared to a population of 341 in 2020.
The median age in Mount Summit, IN is 39.1, as per 2021 ACS 5-Year Estimates. Of the total population, 17.48% were under the age of 15, 25.41% aged 15 to 29, 28.21% aged 30 to 64, 26.57% aged 65 to 84, and 2.33% were 85 years of age and older.
Racial distribution of Mount Summit population: 98.60% are White, 0.93% are some other race and 0.47% are multiracial.