Cost Of Living in Summit, WA

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	Washington	National
Cost of living	129	118	100
Goods & Services	117	111	100
Groceries	113	110	100
Health care	125	120	100
Housing	163	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 is 9% higher than the Washington average
The cost of living in Summit is 29% higher than the national average
Summit housing is 63% 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	$88,642	$7,387	$2,068	$2,660
Renters	$71,319	$5,943	$1,664	$2,140

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Summit, WA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Summit homeowners, is $88,642. This would allow for a maximum of $2,068 per month to be spent on housing costs. For renters, the median monthly income is $71,319 which would result in a maximum of $1,664 to be spent on rental 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	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	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	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	National avg.	Difference
Home Price	$325,600.00	$184,700.00	76.3%
Avg. Mortgage Payment	$3,051.24	$2,346.69	30.0%
Apartment Rent	$1,244.00	$949.00	31.1%

Transportation

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

Utilities

Item	Summit	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%
Parkland, WA	37,946	121	20.6%
Summit, WA	8,993	129	29.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Spanish Fort, AL	8,991	104	4.1%
Micco, FL	8,990	88	11.7%
Brandywine, MD	8,990	141	41.0%
Fairview, TN	8,989	108	8.1%
Lock Haven, PA	8,997	91	9.2%
Summit, WA	8,993	129	29.0%

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

Cost of Living in Summit, WA