Cost Of Living in Summit, SD

Get 300+ Local Insights for Any Address in Summit, SD

Get Access to 300+ Local Data Points

A+

17%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

56%

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 Dakota	National
Cost of living	83	92	100
Groceries	101	99	100
Health care	100	97	100
Housing	44	77	100
Transportation	95	96	100
Utilities	104	103	100
Lifestyle & Entertainment	101	94	100
Household Items	97	96	100
Education & Childcare	100	98	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Summit, SD

Walnut St

Summit, SD

Cost Of Living Quick Facts

The cost of living in Summit is 9% lower than the South Dakota average
The cost of living in Summit is 17% lower than the national average
Summit housing is 56% lower than the national average
South Dakota general sales tax is 12% lower than the national average
South Dakota state income tax is 100% 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, SD Cost of Living

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

See all Summit poll results

The best places in South Dakota

Here are the best places to live in South Dakota

See the best places to live in Summit

Safest States In The US

These are the 10 cheapest cities in South Dakota

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	$109,250	$9,104	$2,549	$3,278
Renters	$35,265	$2,939	$823	$1,058

South Dakota Sales Tax

State	General Sales Tax	With Max Surtax
South Dakota	4.5%	6%

South Dakota Income Tax

State	Income Tax (Low)	Income Tax (High)
South Dakota	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Ortley, SD	60	76	24.0%
Corona, SD	46	79	21.0%
Marvin, SD	19	79	20.5%
Twin Brooks, SD	46	80	19.9%
South Shore, SD	266	80	19.8%
Summit, SD	353	83	17.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Michael, AK	353	94	5.8%
Vineland, CO	353	107	6.7%
Ryan, IA	353	86	14.0%
Broadlands, IL	353	89	11.4%
Buffalo, KS	353	75	24.6%
Summit, SD	353	83	17.0%