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The total population of Summit is estimated to be 555 with 229 males (41.26%) and 326 females (58.74%). There are 97 more females than males in Summit.
The median household income in Summit was $54,796 in 2021, which marked an an increase of 7,346(15.48%) from $47,450 in 2020. This income is 73.45% 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, Summit sees its highest median household income among householders in the age group of 25 to 44 years old, at $68,608. Overall, the median household income for the city of Summit stands at $54,796.
In Summit, the median income for all workers aged 15 years and older, regardless of work hours, was $31,132 for males and $21,348 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,955 for males and $54,496 for females.
In Summit, population is primarily represented by White households, reporting a median income of $54,796.
In 2022, the population of Summit was 539, a 0.19% decrease year-by-year from 2021. Previously, in 2021, Summit's population was 540, a decline of 0.74% compared to a population of 544 in 2020.
The median age in Summit, AR is 33.2, as per 2021 ACS 5-Year Estimates. Of the total population, 23.67% were under the age of 15, 18.50% aged 15 to 29, 50.50% aged 30 to 64, 7.33% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Summit population: 100% are White.