Cost Of Living in Summit, AZ

Get crime, demographics and other data for any location in Summit, AZ

A+

11%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

51%

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	Arizona	National
Cost of living	89	101	100
Goods & Services	109	104	100
Groceries	105	102	100
Health care	90	94	100
Housing	49	97	100
Transportation	108	106	100
Utilities	102	95	100

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Summit is 12% lower than the Arizona average
The cost of living in Summit is 11% lower than the national average
Summit housing is 51% lower than the national average
Arizona general sales tax is 10% higher than the national average
Arizona state income tax is 4% lower than the national average

Most Affordable Places to Live in and Around Summit

See all the best places to live around Summit

Compare Summit, AZ Cost of Living

Write a review to give others more information about this area.

See all Summit poll results

The best places in Arizona

Here are the best places to live in Arizona

Check out the 10 safest cities in Arizona

See the best places to live in Summit

Most Dangerous Cities In The US

Salary Calculator

This is how much you would need to earn in

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	$44,301	$3,692	$1,034	$1,329
Renters	$26,224	$2,185	$612	$787

A good indicator of the general affordability of housing in Summit, AZ, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Summit, the median monthly income is $44,301 for those who own their own homes. Under the standard rule, that income level would allow for $1,034 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,224, per the median income in the area. That would allow for renters to spend up to $612 on monthly rental expenses.

Arizona Sales Tax

State	General Sales Tax	With Max Surtax
Arizona	5.6%	10.725%

Arizona Income Tax

State	Income Tax (Low)	Income Tax (High)
Arizona	2.5%	2.5%

Goods & Services

Item	Summit	National avg.	Difference
Haircut	$29.15	$24.26	20.2%
Beauty Salon	$45.06	$45.56	1.1%
Toothpaste	$3.64	$3.70	1.8%
Shampoo	$1.33	$1.28	4.1%
Movie	$12.36	$12.13	1.9%
Bowling	$13.68	$18.00	24.0%

Groceries

Item	Summit	National avg.	Difference
Ground Beef	$6.07	$5.84	4.0%
Fried Chicken	$1.41	$1.57	10.3%
Milk	$4.75	$4.67	1.7%
Potatoes	$4.58	$4.93	7.1%
Pizza	$12.52	$12.09	3.6%
Beer	$11.13	$10.41	6.9%

Health Care

Item	Summit	National avg.	Difference
Optometrist	$116.73	$125.68	7.1%
Doctor	$125.31	$135.78	7.7%
Dentist	$101.61	$113.29	10.3%
Ibuprofen	$11.03	$10.65	3.6%
Lipitor	$370.51	$468.60	20.9%

Housing

Item	Summit	National avg.	Difference
Home Price	$83,400.00	$184,700.00	54.8%
Avg. Mortgage Payment	$2,328.25	$2,346.69	0.8%
Apartment Rent	$561.00	$949.00	40.9%

Transportation

Item	Summit	National avg.	Difference
Gasoline	$4.05	$3.46	17.0%
Tire Balancing	$52.24	$59.92	12.8%

Utilities

Item	Summit	National avg.	Difference
All Electricity	$198.69	$193.99	2.4%
Phone	$193.20	$192.25	0.5%

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.
Littletown, AZ	645	91	8.7%
South Tucson, AZ	5,692	92	8.4%
Tucson Estates, AZ	12,198	100	0.2%
Drexel Heights, AZ	30,780	101	1.0%
Tucson, AZ	545,340	101	1.1%
Summit, AZ	5,066	89	11.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Forked River, NJ	5,066	124	24.3%
Flagler Beach, FL	5,065	118	18.1%
Iowa Falls, IA	5,067	88	12.1%
Robbins, IL	5,068	92	8.5%
Crosspointe, VA	5,068	201	101.3%
Summit, AZ	5,066	89	11.1%