Cost Of Living in Summit, SC

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A+

4%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

13%

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	South Carolina	National
Cost of living	96	94	100
Groceries	100	99	100
Health care	102	98	100
Housing	87	81	100
Transportation	98	99	100
Utilities	104	101	100
Lifestyle & Entertainment	94	98	100
Household Items	100	99	100
Education & Childcare	98	98	100

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Cost Of Living Quick Facts

The cost of living in Summit is 2% higher than the South Carolina average
The cost of living in Summit is 4% lower than the national average
Summit housing is 13% lower than the national average
South Carolina general sales tax is 18% higher than the national average
South Carolina state income tax is 100% lower than the national average

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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	$79,157	$6,596	$1,847	$2,375
Renters	$0	$0	$0	$0

South Carolina Sales Tax

State	General Sales Tax	With Max Surtax
South Carolina	6%	9%

South Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
South Carolina	0%	6.5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Ridge Spring, SC	697	82	18.4%
Monetta, SC	258	83	17.1%
Batesburg-Leesville, SC	5,630	89	10.7%
Pelion, SC	1,104	90	10.3%
Red Bank, SC	10,356	92	7.8%
Summit, SC	624	96	4.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Nucla, CO	624	94	5.7%
Kingman, IN	624	84	15.9%
D'Lo, MS	624	82	18.4%
Atlantic, NC	624	87	13.0%
Warsaw, OH	624	83	16.9%
Summit, SC	624	96	4.5%