Summit, WA is a great place to live! With 2 bedroom rent at $1,600 a month, Summit may be more expensive than the US national average of $1,430 a month but there are some great trade-offs. The Grocery Cost Index for Summit is 101 versus 100 in the US making groceries just slightly higher than the national average. Companies like Amazon, Microsoft, Starbucks and T Mobile all have headquarters located nearby which provide employment opportunities and boost the local economy. All in all Summit is a fantastic place to call home with its rich culture and wonderful amenities.
Summit has an unemployment rate of 6.8%. The US average is 6.0%.
Summit has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Summit
- The Sales Tax Rate for Summit is 9.9%. The US average is 7.3%.
- The Income Tax Rate for Summit is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Summit
- The average income of a Summit resident is $39,169 a year. The US average is $37,638 a year.
- The Median household income of a Summit resident is $92,837 a year. The US average is $69,021 a year.