The NEW Richest City in Utah

If you had to guess the richest city in Utah, you'd probably say Park City, right? Or maybe a booming tech hub like Lehi or Draper? Logical guesses—but not quite right. According to Utah Demographics, the wealthiest place in the state is actually a lesser-known little community called Silver Summit—and it’s quietly raking in serious wealth.

Tucked away in Summit County just outside of Park City, Silver Summit boasts an average household income of $322,923. That’s not just high—it’s crazy high! Especially when you compare it to Utah’s statewide average income. While the community isn’t very large, what it lacks in size it makes up for in luxury, privacy, and serious financial clout.

Data USA confirms the impressive numbers: the median household income for Silver Summit is $235,329, and the median property value sits close to $2 million. The community is small—just over 1,500 residents, Think of living in a place where the quiet millionaire down the street who never brags—could buy your entire block!

The area is made up of large modern homes, mountain estates, and high-end real estate slightly hidden behind aspen trees and alpine serenity. It’s the kind of place where wealth blends into nature—by design. Residents aren’t after attention. They’re after access to world-class skiing (Olympic Venues), open space, and a high quality of life.

So why isn’t it more well-known? I'm guessing they are just living their busy, wealthy, business running lives. That's kind of the charm. Unlike Park City, which draws global attention with film festivals and tourists, Silver Summit offers luxury without the spotlight. This quiet town holds the title as Utah’s richest city.

Want to know which cities Silver Summit beat out?  READ MORE: The top 3 Richest Cities in Utah