Cost Of Living in Summit View, WA

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F

29%

Overall NAT. AVG.

17%

Goods & Services NAT. AVG.

62%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Summit View	Washington	National
Cost of living	129	118	100
Goods & Services	117	111	100
Groceries	113	110	100
Health care	125	120	100
Housing	162	135	100
Transportation	124	123	100
Utilities	95	92	100

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Cost Of Living Quick Facts

The cost of living in Summit View is 9% higher than the Washington average
The cost of living in Summit View is 29% higher than the national average
Summit View housing is 62% higher than the national average
Washington general sales tax is 27% higher than the national average
Washington state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$101,773	$8,481	$2,375	$3,053
Renters	$57,865	$4,822	$1,350	$1,736

The affordability of the housing market in Summit View, WA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Summit View homeowners, the median income is $101,773. This indicates that a monthly maximum of $2,375 should be spent by homeowners on all housing related costs. Renters have a median income of $57,865. This indicates that renters would have a maximum of $1,350 for their rent related monthly costs.

Washington Sales Tax

State	General Sales Tax	With Max Surtax
Washington	6.5%	10.4%

Washington Income Tax

State	Income Tax (Low)	Income Tax (High)
Washington	0%	0%

Goods & Services

Item	Summit View	National avg.	Difference
Haircut	$23.76	$24.26	2.1%
Beauty Salon	$54.27	$45.56	19.1%
Toothpaste	$4.15	$3.70	12.1%
Shampoo	$1.38	$1.28	7.6%
Movie	$11.92	$12.13	1.8%
Bowling	$21.09	$18.00	17.2%

Groceries

Item	Summit View	National avg.	Difference
Ground Beef	$5.71	$5.84	2.2%
Fried Chicken	$2.55	$1.57	62.3%
Milk	$5.14	$4.67	10.0%
Potatoes	$3.87	$4.93	21.6%
Pizza	$15.13	$12.09	25.2%
Beer	$11.74	$10.41	12.8%

Health Care

Item	Summit View	National avg.	Difference
Optometrist	$191.81	$125.68	52.6%
Doctor	$192.99	$135.78	42.1%
Dentist	$127.12	$113.29	12.2%
Ibuprofen	$11.85	$10.65	11.2%
Lipitor	$555.70	$468.60	18.6%

Housing

Item	Summit View	National avg.	Difference
Home Price	$303,600.00	$184,700.00	64.4%
Avg. Mortgage Payment	$3,051.24	$2,346.69	30.0%
Apartment Rent	$1,492.00	$949.00	57.2%

Transportation

Item	Summit View	National avg.	Difference
Gasoline	$4.20	$3.46	21.3%
Tire Balancing	$78.74	$59.92	31.4%

Utilities

Item	Summit View	National avg.	Difference
All Electricity	$169.30	$193.99	12.7%
Phone	$204.78	$192.25	6.5%

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	Population	Cost of Living Index	National Avg.
Ketron Island, WA	0	115	14.6%
North Yelm, WA	3,738	109	8.8%
North Puyallup, WA	1,970	115	15.1%
Midland, WA	9,518	118	17.9%
Clear Lake CDP (Pierce County), WA	942	118	18.4%
Summit View, WA	9,078	129	28.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
San Elizario, TX	9,079	83	17.1%
Saint-Rémi, QC	9,079	n/a
Boulder Hill, IL	9,081	106	5.5%
Innsbrook, VA	9,081	123	23.3%
Merrill, WI	9,081	79	21.0%
Summit View, WA	9,078	129	28.9%