Cost of Living in Summit Park, UT

Get 300+ Local Insights for Any Address in Summit Park, UT

Get Access to 300+ Local Data Points
F
76%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
251%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Summit Park Utah National
Cost of living176105100
Groceries100101100
Health care101101100
Housing351113100
Transportation100101100
Utilities104101100
Lifestyle & Entertainment99102100
Household Items100102100
Education & Childcare108105100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Summit Park, UT

property for sale

3251 Quarry Rd Unit 18B

Park City, UT
property for sale

60 Saint Moritz Cir

Park City, UT
property for sale

395 Matterhorn Dr

Park City, UT
property for sale

110 Paradise Rd

Park City, UT

Cost Of Living Quick Facts

  • The cost of living in Summit Park is 68% higher than the Utah average
  • The cost of living in Summit Park is 76% higher than the national average
  • Summit Park housing is 251% higher than the national average
  • Utah general sales tax is 20% higher than the national average
  • Utah state income tax is 87% higher than the national average

Most Affordable Places to Live in and Around Summit Park

See all the best places to live around Summit Park

Compare Summit Park, UT Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Summit Park?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Summit Park?
      Write a review to give others more information about this area.
      See all Summit Park poll results

      The best places in Utah

      Here are the best places to live in UtahThese are the largest cities in UtahMost Dangerous States In The USMost Dangerous Cities In The US
      Best Places in Utah

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$229,597$19,133$5,357$6,889
      Renters$88,855$7,405$2,073$2,666
      A good way to judge both the affordability of the housing and the cost of living in Summit Park is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Summit Park has a median income of about $229,597 for people who own homes. Based on that number, a maximum of $5,357 should be spent on expenses related to housing. Renters have a slightly different median income, which is $88,855. Based on this average, renters should spend no more than $2,073 on all rental costs if they want to maintain a non-impoverished standard of living.

      Utah Sales Tax

      State General Sales Tax With Max Surtax
      Utah 6.1% 8.35%

      Utah Income Tax

      State Income Tax (Low) Income Tax (High)
      Utah 4.85% 4.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Coalville, UT2,13011312.8%
      White City, UT5,99011716.9%
      Peoa, UT18912020.4%
      Bountiful, UT45,32312019.8%
      Hoytsville, UT53612626.1%
      Summit Park, UT8,37417676.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hillsdale, MI8,3768514.8%
      London, KY8,3718811.6%
      Madison Park, NJ8,37112525.3%
      Oak Brook, IL8,37720099.7%
      Ludington, MI8,370909.8%
      Summit Park, UT8,37417676.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026