Summit village, WI Profile: Facts & Data

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Summit village, Wisconsin - Basic Facts

The Village of Summit had a population of 5,040 as of July 1, 2020. Summit village ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Wisconsin. See peer rankings below.

The primary coordinate point for Summit village is located at latitude 43.0504 and longitude -88.4815 in Waukesha County. The formal boundaries for the Village of Summit encompass a land area of 21.2 sq. miles and a water area of 3.04 sq. miles.

The Village of Summit (GNIS ID: 1584250) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Summit village: Town of Summit.

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Summit village, WI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 5,040 (100%)
Population in Households 4,889 (97.0%)
Population in Families 4,364 (86.6%)
Population in Group Quarters1 151 ( 3.0%)
Population Density 239
Diversity Index2 17
 
 

INCOME

Median Household Income $113,381
Average Household Income $145,890
% of Income for Mortgage4 15%
Per Capita Income $53,293
Wealth Index5 234
 

HOUSING

Total HU (Housing Units) 2,133 (100%)
Owner Occupied HU 1,646 (77.2%)
Renter Occupied HU 244 (11.4%)
Vacant Housing Units 244 (11.4%)
Median Home Value $409,496
Average Home Value $522,342
Housing Affordability Index3 170
 

HOUSEHOLDS

Total Households 1,889
Average Household Size 2.59
Family Households 1,487
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.78% 0.73%
Households 0.92% 0.81%
Families 0.89% 0.76%
Median Household Income   1.37%
Per Capita Income   2.41%
Owner Occupied HU   0.87%

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Summit village, WI - Peer Comparisons by Rank and Percentile

The table below compares Summit village to the other 778 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 152 81st
Population Density # 629 19th
Median Household Income # 11 99th
Housing Affordability Index # 241 31st
Per Capita Income # 18 98th
Diversity Index # 333 58th

Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.

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