Illinois · Census place 73638
Summit village, IL
Quick answer
Summit village has 10,896 residents, ranking #210 of 1462 places in Illinois. Median household income is $60,417, the median home is worth $224,800 and median gross rent runs $1,012 a month.
- Population
- 10,896Summit village residents
- Median household income
- $60,417Past 12 months, inflation adjusted
- Median home value
- $224,800Owner-occupied units
- Median gross rent
- $1,012Rent plus utilities, monthly
- Median age
- 38.5 yrsAll residents
- Homeownership rate
- 61.6%Owner-occupied households
What the numbers mean in Summit village
Housing cost measured against local earnings.
A household earning the Summit village median would spend about 20.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12% of residents and 61.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Columbia city 11,063
- Waterloo city 11,055
- Barrington village 11,049
- Troy city 10,889
- Roscoe village 10,881
- Fox Lake village 10,872
- Worth village 10,731
Keep going
More Illinois coverage.