Summit 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.
IndexSummitArkansasNational
Cost of living index8084100
IndexSummitArkansasNational
Goods & Services index9493100
Groceries index9493100
Health care index9888100
Housing index4565100
Transportation index9189100
Utilities index9997100

Did you know?

  • The cost of living in Summit is 6% lower than the Arkansas average.
  • The cost of living in Summit is 20% lower than the national average.
  • The cost of housing in Summit is 55% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$19,886$1,657$464$597
Renters$18,500$1,542$432$555

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%

Goods & Services

ItemSummitNational avg.Difference
Haircut $13.43$15.5613.7%
Beauty Salon $24.17$36.1133.1%
Toothpaste $1.95$2.4721.3%
Shampoo $0.92$0.964.3%
Movie $8.90$10.1312.1%
Bowling $4.51$4.744.7%

Groceries

ItemSummitNational avg.Difference
Ground Beef $2.98$3.9825.1%
Fried Chicken $1.29$1.418.1%
Milk $2.31$2.0611.8%
Potatoes $2.67$2.9810.6%
Pizza $8.57$9.479.5%
Beer $8.36$8.795.0%

Health Care

ItemSummitNational avg.Difference
Optometrist $97.68$101.043.3%
Doctor $108.28$107.440.8%
Dentist $84.45$90.426.6%
Ibuprofen $9.15$9.281.4%
Lipitor $430.38$426.500.9%

Housing

ItemSummitNational avg.Difference
Home Price $75,000.00$175,700.0057.3%
Avg. Mortgage Payment $846.52$1,133.2325.3%
Apartment Rent $465.00$920.0049.5%

Transportation

ItemSummitNational avg.Difference
Gasoline $1.72$1.9913.8%
Tire Balancing $45.85$45.760.2%

Utilities

ItemSummitNational avg.Difference
All Electricity$131.03$163.8120.0%
Phone $35.33$28.3924.5%
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.
Zinc, AR5670-30%
Pindall, AR23171-29%
Western Grove, AR34076-24%
Pyatt, AR14479-21%
Flippin, AR1,25480-20%
Summit, AR58180-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hebron, TX58112020%
Hardin, KY58181-19%
Norway, IA58190-10%
Clearview, WV58189-11%
Mohrsville, PA5811099%
Summit, AR58180-20%
Source: The Summit, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.