Housing costs in Summit?
A typical home costs
$112,200, which is 66.8% less expensive than the national average of
$338,100 and 72.5% less expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Summit costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 13.1% cheaper than the state average of
$1,550.
Can I afford Summit?
To live comfortably in Summit, Arizona, a minimum annual income of
$21,600 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Summit?
The cost of living in Summit, AZ is relatively low compared to other parts of the state. According to BestPlaces’s Cost of Living Index, Summit ranks favorably when it comes to rent, groceries, transportation and recreation costs. Rent prices are among the lowest in Arizona and remain affordable even for those on a limited budget. Other essentials such as food, transportation and entertainment are also competitively priced. This makes Summit an attractive option for those looking for a cost-effective place to live in Arizona.