Summit Lake cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSummit LakeWisconsinNational
Cost of living index9298100
IndexSummit LakeWisconsinNational
Goods & Services index93100100
Groceries index95100100
Health care index109112100
Housing index8791100
Transportation index9799100
Utilities index91102100

Did you know?

  • The cost of living in Summit Lake is 6% lower than the Wisconsin average.
  • The cost of living in Summit Lake is 8% lower than the national average.
  • The cost of housing in Summit Lake is 13% lower than the national average.
  • Wisconsin general sales tax is 2% lower than the national average.
  • Wisconsin state income tax is 98% higher than the national average.

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Compare Summit Lake, WI Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,333$5,278$1,478$1,900
Renters$0$0$0$0

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wisconsin5%5.6%

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
Wisconsin4.4%7.65%

Goods & Services

ItemSummit LakeNational avg.Difference
Haircut $13.65$14.596.5%
Beauty Salon $28.33$34.6818.3%
Toothpaste $2.18$2.4711.9%
Shampoo $0.95$1.027.0%
Movie $9.00$9.878.8%
Bowling $3.25$4.3926.0%

Groceries

ItemSummit LakeNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.36$1.467.1%
Milk $2.51$2.366.5%
Potatoes $2.52$3.0617.7%
Pizza $9.00$9.242.6%
Beer $7.64$8.6311.5%

Health Care

ItemSummit LakeNational avg.Difference
Optometrist $115.00$99.7815.3%
Doctor $152.90$105.0345.6%
Dentist $81.60$88.708.0%
Ibuprofen $9.05$9.413.8%
Lipitor $282.82$298.505.3%

Housing

ItemSummit LakeNational avg.Difference
Home Price $153,600.00$175,700.0012.6%
Avg. Mortgage Payment $930.34$1,081.0313.9%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemSummit LakeNational avg.Difference
Gasoline $2.20$2.095.2%
Tire Balancing $33.00$45.2927.1%

Utilities

ItemSummit LakeNational avg.Difference
All Electricity$144.02$170.8015.7%
Phone $28.16$28.260.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Elcho, WI27580-20%
Mole Lake, WI59881-19%
Crandon, WI1,84387-13%
Post Lake, WI40596-4%
Summit Lake, WI12192-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lewistown, OH12179-21%
Snake Creek, OK12179-21%
Tobias, NE12176-24%
West Kootenai, MT1211022%
Teton Village, WY12191-9%
Summit Lake, WI12192-8%
Source: The Summit Lake, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.