Housing costs in Summit?
A typical home costs
$962,600, which is 184.7% more expensive than the national average of
$338,100 and 82.6% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Summit costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 11.3% more than the state average of
$1,650.
Can I afford Summit?
To live comfortably in Summit Color County, Colorado, a minimum annual income of
$184,320 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Summit?
Summit County, Colorado is known for its high median house value of $962,600, which is significantly higher than the US average of $338,100. This expensive housing market reflects the overall cost of living in Summit County. The Cost of Living Index (COLI) in Summit County stands at 144.9 compared to the US average of 100, which means that the cost of living in Summit County is 44.9% higher than the national average. This suggests that living and doing business in this area can be quite costly for individuals and families who are not used to these prices.