Cost of Living in Summit, WI

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F
27%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
94%
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 Wisconsin National
Cost of living12796100
Groceries10099100
Health care9798100
Housing19489100
Transportation9498100
Utilities101101100
Lifestyle & Entertainment9598100
Household Items10199100
Education & Childcare9498100
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Homes For Sale In Summit, WI

property for sale

34025 Venice Park Rd

Delafield, WI
property for sale

1835 N Davies Dr

Oconomowoc, WI
property for sale

W339S271 Foxtail Ct

Oconomowoc, WI
property for sale

417 S Golden Lake Rd

Oconomowoc, WI

Cost Of Living Quick Facts

  • The cost of living in Summit is 32% higher than the Wisconsin average
  • The cost of living in Summit is 27% higher than the national average
  • Summit housing is 94% higher than the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 36% higher than the national average

Most Affordable Places to Live in and Around Summit

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Compare Summit, WI Cost of Living

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      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$186,681$15,557$4,356$5,601
      Renters$98,260$8,188$2,293$2,948
      A good indicator of the general affordability of housing in Summit, WI, 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 $186,681 for those who own their own homes. Under the standard rule, that income level would allow for $4,356 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $98,260, per the median income in the area. That would allow for renters to spend up to $2,293 on monthly rental expenses.

      Wisconsin Sales Tax

      State General Sales Tax With Max Surtax
      Wisconsin 5% 6.75%

      Wisconsin Income Tax

      State Income Tax (Low) Income Tax (High)
      Wisconsin 3.54% 7.65%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Palmyra, WI2,104936.8%
      Watertown, WI24,039954.6%
      Whitewater, WI15,063964.0%
      Helenville, WI252973.4%
      Lebanon, WI1001000.2%
      Summit, WI5,02012726.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Shenandoah, IA5,0208514.6%
      Peppermill Village, MD5,01913635.8%
      Port Allen, LA5,018955.1%
      New Haven, MI5,018954.8%
      Annapolis, Subd. C, NS5,018n/a 
      Summit, WI5,02012726.6%
      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.
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