Summit County, UT
FIPS: 49043
Median HAM
23.9x
Very High
Jul 2023
Minimum HAM
150.8x
Very High
Jan 2026
HAM Burden
286%
Very High
Dec 2025
Not enough historical data to show a trend chart for this county.
Economic Profile
BEA GDP data (2024)
GDP Per Capita
$143,540
National avg: ~$82,000
Total GDP
$6.1B
Thousands of current $
Population
42,357
2020 Census
Top Industries by GDP
Real estate and rental and leasing24.2%
Accommodation and food services11.2%
Construction9.0%
Professional, scientific, and technical services8.7%
Arts, entertainment, and recreation8.7%
Data Breakdown
Median HAM
Data as of Jul 2023
Median Home Price
$1,000,400
Census ACS
Gross Median Income
$52,713
Census ACS
Net Median Income
$41,940
Calculated
Median HAM
23.85x
Minimum HAM
Data as of Jan 2026
Median Home Price
$1,988,750
Redfin
Min Wage (Hourly)
$7.25/hr
State labor data
Net Min Wage Income
$13,192
Calculated
Minimum HAM
150.75x
HAM Burden
Data as of Dec 2025
Monthly Rent
$3,143
Zillow ZORI
Min Wage (Hourly)
$7.25/hr
State labor data
Monthly Net Min Wage
$1,099
Calculated
HAM Burden
285.9%
Methodology: HAM = Home Price / Net Annual Income. Net income assumes single filer, standard deduction, 2,080 hrs/yr for minimum wage. Federal + state tax + FICA deducted. Home price source priority: Zillow ZHVI > Redfin > Census ACS.