Town of Summit (Pike County) — Financial Data

2,684 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Mississippi and Town of Summit (Pike County).

Component	Summary	Effective	Coverage	Sources
MS state individual income tax	Mississippi taxes the first $10,000 of taxable income at 0%, and taxes taxable income above $10,000 at 4.0% for tax year 2026.	Tax year 2026 rate schedule.	Rate missing	Mississippi individual tax rates guidance
MS sales and use tax (base)	Mississippi regular retail sales tax rate is 7%.	Current Mississippi Department of Revenue guidance (as accessed April 19, 2026).	Rate missing	Mississippi sales and use taxes
MS property tax policy (ad valorem local administration)	Mississippi property taxes are ad valorem taxes used to support county and city governments and local school districts, with local tax assessors handling valuation.	Current Mississippi Department of Revenue guidance (as accessed April 19, 2026).	Needs review	Mississippi local property appraisal

No incorporated villages in this town.

Community Profile

Census Bureau ACS 5-year estimates

38.4% Poverty Rate 2023

20.6% Bachelor's+ Rate 2023

9.2% Unemployment Rate 2023

53.9% Homeownership Rate 2023

Median Household Income

$33,983 (2023)

2010 2023

Per Capita Income

$16,583 (2023)

2010 2023

Median Home Value

$101,700 (2023)

2010 2023

Median Gross Rent

$936 (2023)

2010 2023

Median Age

28.1 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Documents (13)

Year	Title	Type
2023	Town of Summit (Pike County) Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Town of Summit (Pike County) Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Town of Summit (Pike County) Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Town of Summit (Pike County) Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Town of Summit (Pike County) Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.