Summit Park, UT Cost Of Living
Cost Of Living In Summit Park, UT Summary
Cost of living in Summit Park 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 Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Utah, 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 Park is 175, with 100 being the average.
The cost of living index in Summit Park is 1.8x higher than the national average.
Summit Park ranks as the #90 cheapest in Utah out of 92.
Summit Park ranks as the #6,138 cheapest out of 6,489 in the US.
The median home value in Summit Park is $1,246,281.
The median income in Summit Park is $179,516.
Table Of Contents
Summit Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Summit Park, UT?
According to the most recent data on the cost of living, Summit Park has an overall cost of living index of 175, which is 1.8x higher than the national index of 100.
Compared to Utah, Summit Park has a cost of living index that's 1.7x higher than Utah's index of 104.
The standard of living in Summit Park ranks as #90 most affordable out of the 92 places we measured in Utah. By definition, that implies Summit Park ranks as the #2 most expensive place in the Beehive State.
For more reading on life in Summit Park, check out:
In Utah
In America
Summit Park Cost Of Living Vs. Utah
Six factors go into calculating the cost of living index in Summit Park. Here is how it fairs on each of the criteria:
The Services index in Summit Park is 107.
The Groceries index in Summit Park is 101.
The Health index in Summit Park is 97.
The Housing index in Summit Park is 339.
The Transportation index in Summit Park is 112.
The Utilities index in Summit Park is 95.
| Living Expense | Summit Park | Utah | National Average | |
|---|---|---|---|---|
| Overall | 175 | 104 | 100 | |
| Services | 107 | 101 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 97 | 90 | 100 | |
| Housing | 339 | 115 | 100 | |
| Transportation | 112 | 104 | 100 | |
| Utilities | 95 | 96 | 100 | |
Summit Park, UT Housing Cost Breakdown
Housing swings affordability the most between places in Utah, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Summit Park is $1,246,281.
The Median Rent in Summit Park is $2,348.
The Median Income in Summit Park is $179,516.
The Home Value To Income in Summit Park is 6.9x.
The Rent To Monthly Income in Summit Park is 0.16x.
| Statistic | Summit Park | Utah | United States |
|---|---|---|---|
| Median Home Value | $1,246,281 | $530,804 | $303,400 |
| Median Rent | $2,348 | $1,405 | $1,348 |
| Median Income | $179,516 | $91,750 | $78,538 |
| Home Value To Income | 6.9x | 5.8x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Summit Park, UT Costs By Category
Detailed Summit Park Services Costs Vs. Utah
| Item | Summit Park | Utah |
|---|---|---|
| Shampoo | $1.18 | $1.28 |
| Movie | $9.94 | $12.13 |
| Bowling | $19.8 | $18 |
| Haircut | $20.87 | $24.26 |
| Beauty Salon | $50.33 | $45.56 |
Detailed Summit Park Groceries Costs Vs. Utah
| Item | Summit Park | Utah |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.51 | $1.57 |
| Milk | $4.65 | $4.67 |
| Potatoes | $4.6 | $4.93 |
| Pizza | $11.69 | $12.09 |
| Beer | $10.59 | $10.41 |
| Toothpaste | $3.57 | $3.7 |
Detailed Summit Park Health Costs Vs. Utah
| Item | Summit Park | Utah |
|---|---|---|
| Optometrist | $125.19 | $125.68 |
| Doctor | $117.14 | $135.78 |
| Dentist | $85.13 | $113.29 |
Detailed Summit Park Transportation Costs Vs. Utah
| Item | Summit Park | Utah |
|---|---|---|
| Gasoline | $3.75 | $3.46 |
| Tire Balancing | $57.07 | $59.92 |
Detailed Summit Park Utilities Costs Vs. Utah
| Item | Summit Park | Utah |
|---|---|---|
| All Electricity | $198.43 | $193.99 |
| Phone | $192.11 | $192.25 |
Summit Park SnackAbility
/10
Cost Of Living In Cities Around Summit Park
The cost of living varies in the cities and towns around Summit Park. Here's a quick look at the cost of living in the most populous nearby places:
Sandy, UT has a cost of living index of 128, 0.7x Summit Park.
Murray, UT has a cost of living index of 117, 0.7x Summit Park.
Bountiful, UT has a cost of living index of 123, 0.7x Summit Park.
| City | Population | Cost Of Living | Vs. Summit Park |
|---|---|---|---|
| Sandy, UT | 94,723 | 128 | 0.7x |
| Murray, UT | 49,904 | 117 | 0.7x |
| Bountiful, UT | 45,093 | 123 | 0.7x |
| Cottonwood Heights, UT | 32,984 | 131 | 0.7x |
| Holladay, UT | 31,236 | 140 | 0.8x |
| North Salt Lake, UT | 23,239 | 124 | 0.7x |
| Heber, UT | 17,438 | 121 | 0.7x |
| Woods Cross, UT | 11,490 | 116 | 0.7x |
| Snyderville, UT | 6,143 | 182 | 1.0x |
