Housing costs in Summit?
A typical home costs
$92,100, which is 72.8% less expensive than the national average of
$338,100 and 49.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Summit costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$840.
Can I afford Summit?
To live comfortably in Summit, Arkansas, a minimum annual income of
$17,640 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Summit?
The cost of living in Summit, AR is quite reasonable. Because it is a small town, housing costs are low and the overall cost of goods and services is generally lower than in larger cities. The median listing prices for homes are typically around $80,000, and the median rent price for apartments can be as low as $500 per month. Other everyday expenses such as groceries, dining out, and utilities tend to be at or below average when compared to more populated areas. All in all, living in Summit can be a great choice for those who want to enjoy a relaxed lifestyle without breaking the bank.