States › Washington › Summit

Is Summit, WA expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6118% lower than U.S. average
💵 Families earn per year (2026)$115,115about $9,593/month · 32% higher than U.S. average
🔑 House price$512,60054% higher than U.S. average

Rent is lower than in 52% of U.S. cities. A typical house costs about 4.5 years of household income. Most homes (83.5%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $64,440 a year. That is $31 an hour at a full-time job.

Is rent cheaper than other Washington cities?

Yes. Rent here is cheaper than in most of Washington. It is number 34 of 192 cities from cheapest to most expensive.

Summit
$1,611
Othello
$2,219
Hoquiam
$1,269
Toppenish
$921
Milton
$2,211
Barberton
$2,028
Orting
$1,726

How much do households earn in Summit?

Under $25k
9.8%
$25k–50k
12.6%
$50k–100k
32.8%
$100k–150k
23.0%
$150k+
20.2%

Share of households by yearly income. 43.3% of households earn $100,000 or more.

Rent by apartment size in Summit

SizeSummitU.S. average
2 bedrooms$1,350$1,509
3 bedrooms$2,315$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Summit overall?

Everyday prices in Washington overall are 7% above the U.S. average (index 107.0, U.S. = 100).

Housing
126
Goods (food, clothes…)
104
Utilities
93
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Summit, so the Washington figure is shown.

Taxes and bills in Summit

🏛️ Property tax$4,797a year · 0.94% of home value · U.S. $3,119
⚡ Electric bill$168a month (typical) · U.S. $156

Life in Summit

Commute to work25.7 minU.S.: 26.4 min
College degree20.6%U.S.: 35.7%
Own their home83.5%U.S.: 65.2%
Below poverty line7.4%U.S.: 12.5%
Unemployment7.5%U.S.: 5.2%

Is it cheaper to rent or buy in Summit?

Renting is cheaper right now: about $1,946 a month less.

Renting
$1,611
Owning
$3,557

Owning assumes a typical $512,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $51,260 for the down payment.

Frequently asked questions

What is the average rent in Summit, WA?

Renting in Summit costs a median of about $1,611 a month in 2026, including utilities. The Washington median is $2,025.

How much do I need to make to live in Summit?

To keep rent under 30% of income, you need about $64,440 a year, or $31 an hour at a full-time job.

Is Summit cheap or expensive?

Summit is rated Cheap: rent takes 16.8% of the typical household income of $115,115. It ranks 34th cheapest of 192 Washington cities we track.

How much are property taxes in Summit?

The median homeowner in Summit pays $4,797 a year in property taxes, about 0.94% of the median home value.

Is Summit more expensive than the national average?

Overall prices in Washington are 7% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Summit?

The median home value in Summit is $512,600, about 4.5 times the typical yearly household income.

8,791 people live in Summit. Numbers are typical (middle) values.