Housing costs in Summit Park?
A typical home costs
$1,327,900, which is 292.8% more expensive than the national average of
$338,100 and 160.1% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Summit Park costs
$3,160 per month, which is 121.0% more than the national average of
$1,430 and 59.5% more than the state average of
$1,280.
Can I afford Summit Park?
To live comfortably in Summit Park (zip 84098), Utah, a minimum annual income of
$254,520 for a family, and
$96,000 for a single person is recommended.
What does A.I. say about Summit Park?
The cost of living in 84098 Summit Park, UT is higher than the national average. Although the median house price is quite affordable at $321,500, the median monthly rent is $1,745 and the overall cost of living index is 110.5, which is significantly higher than the US average of 100. The housing market has seen a steady increase in prices over the past decade due to high demand as more people move to this area for its stunning views and great outdoor recreation options. The utilities and transportation costs are also higher than the national average; however, these expenses are offset by a lower median income rate. Ultimately, living in Summit Park can be an expensive venture but it’s worth it for those looking for a picturesque mountain town with plenty of outdoor activities to enjoy year-round.