Summit, WI Cost of Living


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Summit cost of living score
107.3
More expensive
7.3% higher
than the US average
19.4% higher
than the Wisconsin average
Summit, Wisconsin gets a BestPlaces Cost of Living score of 107.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.3% higher than the U.S. average and 19.4% higher than the average for Wisconsin.

Summit, WI

Housing costs in Summit?
A typical home costs $560,900, which is 65.9% more expensive than the national average of $338,100 and 129.8% more expensive than the average Wisconsin home, at $244,100. Renting a two-bedroom unit in Summit costs $1,090 per month, which is 23.8% cheaper than the national average of $1,430 and 5.5% more than the state average of $1,030.

Can I afford Summit?
To live comfortably in Summit, Wisconsin, a minimum annual income of $107,640 for a family, and $40,400 for a single person is recommended.

What does A.I. say about Summit?
The cost of living in Summit Village, WI is relatively affordable compared to the national average. The median home value in the area is $187,000, which is considerably lower than the national median of $219,700. Additionally, the median household income is slightly higher than the national average at $62,585 per year. Grocery and utility costs are also below the national average, making Summit Village an attractive place to live for people who want to enjoy a good quality of life without having to break their budget.
   Cost of living score
     CategoriesSummitWisconsinUnited States
  107.389.9100.0
  100.694.7100
  104.698.9100.0
  184.679.3100.0
  $560,900$244,100$338,100
  102.2%99.0%100.0%
  100.686.9100.0
  134.7106.6100.0

   100=National Average

   Average Rent by Bedroom Size
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