Summit View, WA Cost Of Living
Cost Of Living In Summit View, WA Summary
Cost of living in Summit View research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Summit View is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Washington, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Summit View is 117, with 100 being the average.
The cost of living index in Summit View is 1.2x higher than the national average.
Summit View ranks as the #76 cheapest in Washington out of 192.
Summit View ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Summit View is $344,700.
The median income in Summit View is $90,330.
Table Of Contents
Summit View's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Summit View, WA?
According to the most recent data on the cost of living, Summit View has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Washington, Summit View has a cost of living index that's 1.0x higher than Washington's index of 115.
The standard of living in Summit View ranks as #76 most affordable out of the 192 places we measured in Washington. By definition, that implies Summit View ranks as the #116 most expensive place in the Evergreen State.
For more reading on life in Summit View, check out:
- Living In Summit View
- Search Homes For Sale In Summit View, WA
In Washington
In America
Summit View Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Summit View. Here is how it fairs on each of the criteria:
The Services index in Summit View is 112.
The Groceries index in Summit View is 119.
The Health index in Summit View is 124.
The Housing index in Summit View is 123.
The Transportation index in Summit View is 135.
The Utilities index in Summit View is 94.
| Living Expense | Summit View | Washington | National Average | |
|---|---|---|---|---|
| Overall | 117 | 115 | 100 | |
| Services | 112 | 112 | 100 | |
| Groceries | 119 | 109 | 100 | |
| Health | 124 | 119 | 100 | |
| Housing | 123 | 129 | 100 | |
| Transportation | 135 | 116 | 100 | |
| Utilities | 94 | 90 | 100 | |
Summit View, WA Housing Cost Breakdown
Housing swings affordability the most between places in Washington, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Summit View is $344,700.
The Median Rent in Summit View is $1,649.
The Median Income in Summit View is $90,330.
The Home Value To Income in Summit View is 3.8x.
The Rent To Monthly Income in Summit View is 0.22x.
| Statistic | Summit View | Washington | United States |
|---|---|---|---|
| Median Home Value | $344,700 | $397,600 | $244,900 |
| Median Rent | $1,649 | $1,439 | $1,163 |
| Median Income | $90,330 | $82,400 | $69,021 |
| Home Value To Income | 3.8x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Summit View, WA Costs By Category
Detailed Summit View Services Costs Vs. Washington
| Item | Summit View | Washington |
|---|---|---|
| Shampoo | $1.28 | $1.06 |
| Movie | $10.77 | $10.68 |
| Bowling | $14.67 | $14.67 |
| Haircut | $23.8 | $18.62 |
| Beauty Salon | $36.61 | $39.05 |
Detailed Summit View Groceries Costs Vs. Washington
| Item | Summit View | Washington |
|---|---|---|
| Ground Beef | $5.43 | $4.22 |
| Fried Chicken | $1.59 | $1.39 |
| Milk | $2.35 | $2.05 |
| Potatoes | $3.17 | $3.29 |
| Pizza | $12.99 | $10.62 |
| Beer | $10.22 | $9.38 |
| Toothpaste | $2.79 | $2.34 |
Detailed Summit View Health Costs Vs. Washington
| Item | Summit View | Washington |
|---|---|---|
| Optometrist | $196.22 | $108.57 |
| Doctor | $133.79 | $116.17 |
| Dentist | $131.09 | $99.13 |
Detailed Summit View Transportation Costs Vs. Washington
| Item | Summit View | Washington |
|---|---|---|
| Gasoline | $2.92 | $2.22 |
| Tire Balancing | $68.92 | $50.07 |
Detailed Summit View Utilities Costs Vs. Washington
| Item | Summit View | Washington |
|---|---|---|
| All Electricity | $135.4 | $167.67 |
| Phone | $198.87 | $175.64 |
Summit View SnackAbility
/10
Cost Of Living In Cities Around Summit View
The cost of living varies in the cities and towns around Summit View. Here's a quick look at the cost of living in the most populous nearby places:
Tacoma, WA has a cost of living index of 111, 0.9x Summit View.
South Hill, WA has a cost of living index of 117, 1.0x Summit View.
Lakewood, WA has a cost of living index of 115, 1.0x Summit View.
| City | Population | Cost Of Living | Vs. Summit View |
|---|---|---|---|
| Tacoma, WA | 217,332 | 111 | 0.9x |
| South Hill, WA | 66,713 | 117 | 1.0x |
| Lakewood, WA | 62,972 | 115 | 1.0x |
| Puyallup, WA | 42,366 | 120 | 1.0x |
| Parkland, WA | 38,092 | 109 | 0.9x |
| Spanaway, WA | 34,670 | 114 | 1.0x |
| Frederickson, WA | 21,651 | 118 | 1.0x |
| Gig Harbor, WA | 11,505 | 141 | 1.2x |
| Fife, WA | 10,869 | 126 | 1.1x |
| Sumner, WA | 10,545 | 127 | 1.1x |
