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The total population of Summit town is estimated to be 1,008 with 531 males (52.68%) and 477 females (47.32%). There are 54 less females than males in Summit town.
The median household income in Summit town was $83,874 in 2021, which marked an an increase of 1,267(1.53%) from $82,607 in 2020. This income is 112.42% 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 town sees its highest median household income among householders in the age group of 25 to 44 years old, at $110,793. Overall, the median household income for the town of Summit town stands at $83,874.
In Summit town, the median income for all workers aged 15 years and older, regardless of work hours, was $63,672 for males and $22,020 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,008 for males and $50,443 for females.
In Summit town, there are just two different racial groups among households. Among these, White households report a median household income of $83,636, while Two or More Races households have a median household income of $70,935.
In 2022, the population of Summit town was 1,071, a 0.46% decrease year-by-year from 2021. Previously, in 2021, Summit town's population was 1,076, an increase of 0.56% compared to a population of 1,070 in 2020.
The median age in Summit, New York is 47.0, as per 2021 ACS 5-Year Estimates. Of the total population, 16.17% were under the age of 15, 9.24% aged 15 to 29, 42.54% aged 30 to 64, 29.64% aged 65 to 84, and 2.41% were 85 years of age and older.
Racial distribution of Summit town population: 91.24% are White, 0.77% are Black or African American, 1.15% are Asian, 3.56% are some other race and 3.27% are multiracial.