Housing costs in Summit?
A typical home costs
$195,500, which is 42.2% less expensive than the national average of
$338,100 and 52.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Summit costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 37.1% cheaper than the state average of
$1,960.
Can I afford Summit?
To live comfortably in Summit (zip 12175), New York, a minimum annual income of
$37,440 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Summit?
The cost of living in 12175 Summit, NY is relatively high. According to the most recent data from the US Census Bureau, the median home value index for this zip code is $343,500, which is significantly higher than the national median of $223,000. In addition, taxes are also quite high, with an average effective property tax rate of 2.87%. Overall, while living in 12175 Summit may be desirable due to its close proximity to New York City and other amenities it offers residents, it comes with a hefty price tag.