salaryRent is higher than in 83% of U.S. cities. Household incomes are higher than in 97% of U.S. cities. A typical house costs about 5.7 years of household income. Commutes are short, about 18.6 minutes. Most homes (83.9%) are owned, so rentals can be hard to find. It is a highly educated city: 73.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $95,720 a year. That is $46 an hour at a full-time job.
Is rent cheaper than other Utah cities?
No. Rent here is more expensive than in most of Utah. It is number 89 of 97 cities from cheapest to most expensive.
How much do households earn in Summit Park?
Share of households by yearly income. 75.8% of households earn $100,000 or more.
Rent by apartment size in Summit Park
| Size | Summit Park | U.S. average |
|---|---|---|
| 1 bedroom | $2,196 | $1,324 |
| 2 bedrooms | $1,952 | $1,509 |
| 3 bedrooms | $3,088 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Summit Park overall?
Everyday prices in Utah overall are 1% below the U.S. average (index 98.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Summit Park, so the Utah figure is shown.
Taxes and bills in Summit Park
Life in Summit Park
Is it cheaper to rent or buy in Summit Park?
Renting is cheaper right now: about $5,564 a month less.
Owning assumes a typical $1,146,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $114,680 for the down payment.
Frequently asked questions
What is the average rent in Summit Park, UT?
Renting in Summit Park costs a median of about $2,393 a month in 2026, including utilities. The Utah median is $1,832.
How much do I need to make to live in Summit Park?
To keep rent under 30% of income, you need about $95,720 a year, or $46 an hour at a full-time job.
Is Summit Park cheap or expensive?
Summit Park is rated Cheap: rent takes 14.3% of the typical household income of $200,493. It ranks 89th cheapest of 97 Utah cities we track.
How much are property taxes in Summit Park?
The median homeowner in Summit Park pays $4,204 a year in property taxes, about 0.37% of the median home value.
Is Summit Park more expensive than the national average?
Overall prices in Utah are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Summit Park?
The median home value in Summit Park is $1,146,800, about 5.7 times the typical yearly household income.
8,537 people live in Summit Park. Numbers are typical (middle) values.