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.
IndexSummitOklahomaNational
Cost of living index7286100
IndexSummitOklahomaNational
Goods & Services index9993100
Groceries index11197100
Health care index10095100
Housing index1269100
Transportation index8386100
Utilities index9495100

Did you know?

  • The cost of living in Summit is 16% lower than the Oklahoma average.
  • The cost of living in Summit is 28% lower than the national average.
  • The cost of housing in Summit is 88% lower than the national average.
  • Oklahoma general sales tax is 12% lower than the national average.
  • Oklahoma state income tax is 78% lower than the national average.

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

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$25,917$2,160$605$778
Renters$0$0$0$0

Oklahoma Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oklahoma4.5%11%

Oklahoma Income Tax

StateIncome Tax (Low)Income Tax (High)
Oklahoma0.5%5.25%

Goods & Services

ItemSummitNational avg.Difference
Haircut $13.33$14.598.7%
Beauty Salon $25.00$34.6827.9%
Toothpaste $2.18$2.4711.9%
Shampoo $1.11$1.028.6%
Movie $9.50$9.873.7%
Bowling $5.00$4.3913.9%

Groceries

ItemSummitNational avg.Difference
Ground Beef $4.71$4.485.2%
Fried Chicken $1.36$1.467.1%
Milk $2.49$2.365.7%
Potatoes $3.02$3.061.4%
Pizza $8.66$9.246.3%
Beer $7.99$8.637.4%

Health Care

ItemSummitNational avg.Difference
Optometrist $84.00$99.7815.8%
Doctor $90.33$105.0314.0%
Dentist $86.33$88.702.7%
Ibuprofen $12.48$9.4132.6%
Lipitor $332.85$298.5011.5%

Housing

ItemSummitNational avg.Difference
Home Price $20,400.00$175,700.0088.4%
Avg. Mortgage Payment $892.34$1,081.0317.5%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemSummitNational avg.Difference
Gasoline $1.91$2.098.9%
Tire Balancing $26.67$45.2941.1%

Utilities

ItemSummitNational avg.Difference
All Electricity$156.60$170.808.3%
Phone $27.28$28.263.5%
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.
Braggs, OK19679-21%
Mulberry, OK11975-25%
Boynton, OK16780-20%
Webbers Falls, OK48280-20%
Council Hill, OK12981-19%
Summit, OK17672-28%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Munjor, KS17687-13%
Cimarron City, OK17694-6%
Azure, MT17681-19%
Metaline Falls, WA17685-15%
Frederika, IA17681-19%
Summit, OK17672-28%
Source: The Summit, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.