Housing costs in Silver Summit?
A typical home costs
$1,431,900, which is 323.5% more expensive than the national average of
$338,100 and 180.4% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Silver Summit costs
$3,020 per month, which is 111.2% more than the national average of
$1,430 and 57.6% more than the state average of
$1,280.
Can I afford Silver Summit?
To live comfortably in Silver Summit, Utah, a minimum annual income of
$274,320 for a family, and
$91,600 for a single person is recommended.
What does A.I. say about Silver Summit?
The cost of living in Silver Summit, UT is quite reasonable. While prices for housing and groceries can be slightly higher than the national average, overall costs are quite manageable compared to other areas in the country. Property taxes are among the lowest in Utah, which helps keep costs down. Utilities such as water and electricity are also reasonably priced, which further contributes to an affordable lifestyle. Additionally, there is no state income tax, so residents don’t have to worry about that added cost. All in all, Silver Summit is a great place to live if you’re looking for an affordable lifestyle without sacrificing quality of life.