Housing costs in Summit?
A typical home costs
$212,700, which is 37.1% less expensive than the national average of
$338,100 and 12.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Summit costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 13.5% cheaper than the state average of
$1,260.
Can I afford Summit?
To live comfortably in Summit, Illinois, a minimum annual income of
$40,680 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Summit?
Living in Summit, IL is known to be relatively affordable. Home prices are lower than the Illinois average, and rent is also typically cheaper than many other parts of the state. Most basic groceries can be had for a reasonable price, and there are plenty of free activities available in the area, such as hiking trails and public parks. Overall, Summit’s cost of living makes it a great place to live if you’re looking for something more affordable but still close to big city amenities.