Summit, AR (zip code 72677) is an ideal place to live in for those looking for an affordable cost of living. The average 2 Bedroom Rent in Summit is only $720, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Summit is 92 versus 100 nationally, making it a much more cost effective option for many families.
The town boasts a variety of businesses that provide convenience and entertainment to its residents such as Dollar General, JC Pizza & Subs, Porters Insurance Agency Inc and the Summit City Park which provides a great spot for locals to gather and enjoy nature. Furthermore, there are quality schools in the area such as Ozark Mountain High School and Flippin Elementary School to meet the needs of growing families. With all these benefits combined, it is easy to see why 72677 Summit AR should be considered when deciding on a place to call home.
Summit (zip 72677) has an unemployment rate of 5.4%. The US average is 6.0%.
Summit (zip 72677) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Summit (zip 72677)
- The Sales Tax Rate for Summit (zip 72677) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Summit (zip 72677) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Summit (zip 72677)
- The average income of a Summit (zip 72677) resident is $13,365 a year. The US average is $28,555 a year.
- The Median household income of a Summit (zip 72677) resident is $43,073 a year. The US average is $69,021 a year.