States › Wisconsin › Summit

Is Summit, WI expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7862% higher than U.S. average
💵 Families earn per year (2026)$151,726about $12,644/month · 74% higher than U.S. average
🔑 House price$533,30060% higher than U.S. average

Rent is higher than in 57% of U.S. cities. Household incomes are higher than in 90% of U.S. cities. A typical house costs about 3.5 years of household income. Most homes (91.2%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $71,440 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Wisconsin cities?

No. Rent here is more expensive than in most of Wisconsin. It is number 132 of 156 cities from cheapest to most expensive.

Summit
$1,786
Richland Center
$718
Tichigan
$1,259
Dodgeville
$1,004
Union Grove
$2,350
Bristol
$1,469
Mayville
$923

How much do households earn in Summit?

Under $25k
4.0%
$25k–50k
9.8%
$50k–100k
27.0%
$100k–150k
27.1%
$150k+
29.1%

Share of households by yearly income. 56.2% of households earn $100,000 or more.

How expensive is Summit overall?

Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).

Housing
79
Goods (food, clothes…)
94
Utilities
90
Other services
100
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 Wisconsin figure is shown.

Taxes and bills in Summit

🏛️ Property tax$5,332a year · 1.00% of home value · U.S. $3,119
⚡ Electric bill$228a month (typical) · U.S. $156

Life in Summit

Commute to work26.2 minU.S.: 26.4 min
College degree54.3%U.S.: 35.7%
Own their home91.2%U.S.: 65.2%
Below poverty line5%U.S.: 12.5%
Unemployment0.9%U.S.: 5.2%

Is it cheaper to rent or buy in Summit?

Renting is cheaper right now: about $1,914 a month less.

Renting
$1,786
Owning
$3,700

Owning assumes a typical $533,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $53,330 for the down payment.

Frequently asked questions

What is the average rent in Summit, WI?

Renting in Summit costs a median of about $1,786 a month in 2026, including utilities. The Wisconsin median is $1,305.

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

To keep rent under 30% of income, you need about $71,440 a year, or $34 an hour at a full-time job.

Is Summit cheap or expensive?

Summit is rated Cheap: rent takes 14.1% of the typical household income of $151,726. It ranks 132nd cheapest of 156 Wisconsin cities we track.

How much are property taxes in Summit?

The median homeowner in Summit pays $5,332 a year in property taxes, about 1.00% of the median home value.

Is Summit more expensive than the national average?

Overall prices in Wisconsin are 6% below 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 $533,300, about 3.5 times the typical yearly household income.

5,114 people live in Summit. Numbers are typical (middle) values.