Housing costs in Summit?
A typical home costs
$317,800, which is 6.0% less expensive than the national average of
$338,100 and 37.8% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Summit costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 26.7% cheaper than the state average of
$1,280.
Can I afford Summit?
To live comfortably in Summit, Utah, a minimum annual income of
$60,840 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Summit?
Summit, UT is a moderately expensive place to live. The median home price in Summit County is around $415,000, which reflects the area's higher-than-average prices. The cost of living in Summit itself is 22% higher than the national average, with housing being a large factor in this discrepancy. Groceries and other goods are also more expensive than much of the rest of Utah due to its lack of access to large centers of commerce. Despite its higher costs, Summit can still be considered an attractive area for those seeking smaller communities with easy access to outdoor activities and a close-knit local community.