Cost of Living in Summit, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.4
100 = national avg
-16.6 vs national average
Living Wage (1 Adult)
$36,684
per year
Living Wage (Family of 4)
$86,707
per year
Cost Index by Category
Housing69.6
Food93.9
Transportation87.9
Healthcare95.2
Utilities90.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$799
per month
2 Bedroom
$929
per month
The overall cost of living index in Summit is 83.4, which is 16.6% below the national average. Housing costs are below the national average at an index of 69.6. A single adult needs to earn approximately $36,684 per year to cover basic expenses.