Summit vs Elgin
| Summit | Elgin | |
|---|---|---|
| Population | 11,036 | 114,190 |
| Median Household Income | $61,863 | $90,282 |
| Median Home Value | $232,600 | $273,000 |
| Median Gross Rent | $1,137/mo | $1,361/mo |
| Homeownership Rate | 60.9% | 71.9% |
| Unemployment Rate | 5.5% | 6.1% |
| Bachelor's Degree or Higher | 14.0% | 27.0% |
| Median Age | 38.1 | 36.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.