Housing costs in Summit?
A typical home costs
$105,800, which is 68.7% less expensive than the national average of
$338,100 and 60.5% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Summit costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 8.3% cheaper than the state average of
$910.
Can I afford Summit?
To live comfortably in Summit (zip 57266), South Dakota, a minimum annual income of
$20,160 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Summit?
The cost of living in 57266 Summit, SD is quite reasonable. The median home value is around $103,000 and the median rental price is just around $800 per month. The cost of groceries tends to be slightly higher than other areas, but overall it is still a relatively affordable place to live. Utilities are also more expensive than many other places in the United States, but not too far out of line with what one would expect for a rural area. It is a great place for people who want an affordable lifestyle without having to sacrifice quality amenities or access to services.