Cost of Living in Summit, SC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.3
100 = national avg
+7.3 vs national average
Living Wage (1 Adult)
$47,226
per year
Living Wage (Family of 4)
$111,624
per year
Cost Index by Category
Housing99.9
Food108.3
Transportation116.6
Healthcare106.6
Utilities104.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,164
per month
2 Bedroom
$1,276
per month
The overall cost of living index in Summit is 107.3, which is 7.3% above the national average. Housing costs are below the national average at an index of 99.9. A single adult needs to earn approximately $47,226 per year to cover basic expenses.