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Places/UT/Summit
County profile

Summit

United States · GDP 2024
#645 of 3,127 US counties by GDP65th-percentile growthmore diversified than 71% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$6.1B
GDP growth
+5.7%
Jobs tracked
33,144
Employers
2,810
Avg. wage
$63.9k
Population
43,141
Labor & formation
Unemployment
4.0%
Median HH income
$138.1k±$7.4k
Business applications
1,461 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Innovative Industrial Properties, Inc.Real Estate$266.0M54D2NRP Stone Inc.Industrials$260.9k42D3Vendome Acquisition Corporation IFinancial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Food & accommodation34%
Arts & recreation21%
Retail trade18%
Construction12%
Real estate7%
Health care7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
43,141
residents · 2025 · +1.6% since 2020
Income per capita $280.5k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−1,387
International migration+959
Natural change+1,052

GDP trend

2019–2024 · nominal
$3.8B
2019
$3.8B
2020
$4.6B
2021
$5.3B
2022
$5.8B
2023
$6.1B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$1.1M±$52.7k
Median gross rent
$2.0k/mo±$189/mo
Vacancy rate
40.8%±1.6%
Affordability
16.7× wages
Residential permits
563 (13.1/1k pop)
FEMA risk score
60.1
HUD Fair Market Rent (2BR):$2.2k/mo · 2026
TOP PERILS · FEMA NRI
Avalanche 98Wildfire 97Landslide 92
FHFA HOUSE PRICE INDEX · 2016–2025
424
2016
456
2017
487
2018
530
2019
551
2020
627
2021
768
2022
819
2023
862
2024
880
2025
Filing activity
SEC EDGAR

12 filings from 2 companies here in the last 90 days.

8-KInnovative Industrial Properties, Inc.06-15
8-KInnovative Industrial Properties, Inc.06-11
8-KInnovative Industrial Properties, Inc.06-09
8-KInnovative Industrial Properties, Inc.05-22
8-KInnovative Industrial Properties, Inc.05-20
8-KInnovative Industrial Properties, Inc.05-19
10-QVendome Acquisition Corporation I05-14
8-KInnovative Industrial Properties, Inc.05-06
10-QInnovative Industrial Properties, Inc.05-05
8-KInnovative Industrial Properties, Inc.05-04
Wage trend
BLS QCEW · 2019–2023
$63.9k
avg. annual pay · +33% since 2019
Similar US counties
nearest by GDP
Berkeley$6.1BClark$6.1BHarrison$6.0BGrundy$6.0BRandall$6.1BGeauga$6.1B
The read

Summit's economy produced $6.1B in 2024, growing 5.7% year over year — faster than most US counties. Its largest employment sector is food & accommodation.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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