Cost of Living in Summit, AZ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.8
100 = national avg
-27.2 vs national average
Living Wage (1 Adult)
$32,040
per year
Living Wage (Family of 4)
$75,731
per year
Cost Index by Category
Housing66.9
Food83.2
Transportation66.5
Healthcare86.6
Utilities83.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,081
per month
2 Bedroom
$1,402
per month
The overall cost of living index in Summit is 72.8, which is 27.2% below the national average. Housing costs are below the national average at an index of 66.9. A single adult needs to earn approximately $32,040 per year to cover basic expenses.