Cost of Living in Summit Park, UT

Population 8,545 · Utah · Data vintage 2023

282
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Summit Park's housing market reflects its status as a high-earning metro: $1.1 million for a typical home, 250% above the US median, paired with household incomes around $179,516 that put it in the upper third of the state.

Geographically, Summit Park sits roughly 20 miles east of Salt Lake City. Median home values run roughly 116% higher than Salt Lake City's $496,000.

Cost Overview

Housing 350
Rent 179

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Summit Park

The median home value in Summit Park is $1,068,300 — 250% above the national median of $305,000. Median rent runs $2,348/month, 79% higher than the national median of $1,314/month. The median household income of $179,516/year is 141% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Utah's top state income tax rate is 4.5% and the combined sales tax is 5.9%. The climate averages highs of 63.2°F and lows of 29.9°F, with about 70.1" of annual snowfall. Overall, Summit Park has a cost of living index of 282 versus the US average of 100, meaning it is 182% more expensive.

🏠 Housing

Median Home Value
$1,068,300
250% above avg
Median Rent
$2,348/mo
79% above avg
Price-to-Rent Ratio
37.9x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$737
1 BR
$870
2 BR
$1,036
3 BR
$1,418
4 BR
$1,699
Owner-occupied 83.1%
Renter-occupied 16.9%

💰 Estimated Monthly Budget

Rent median rent
$2,348
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,962/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.8 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.6%

Commute Mode

Drove alone
65.5%
Carpooled
7.8%
Public transit
1.1%
Walked
0.8%
Work from home
24.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 5.9%
State rate 4.8%
Avg local rate 1.1%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$179,516
141% above avg
Per Capita Income
$81,899
Unemployment Rate
4.1%
14% below avg
Poverty Rate
2.4%
Labor Force Participation
72.5%

🎓 Education

Bachelor's degree+ 43.8%
Graduate degree 28.3%

👥 Demographics

Median Age 41.4
Male median age 41
Female median age 41.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.2°F
Avg Low
29.9°F
Annual Precip
16.4"
Annual Snowfall
70.1"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394355627081898879665038
Low °F 131724293542484738292114
Precip" 1.491.171.511.681.851.180.940.791.311.431.431.62
Snow" 14.012.99.85.20.70.10.00.00.51.99.115.9

Frequently Asked Questions

What is the cost of living in Summit Park, UT?

Summit Park has a cost index of 282 (100 = national average). It is 182% above the national average.

What is average rent in Summit Park, UT?

The median gross rent in Summit Park is $2,348 per month based on 2023 Census data.

What is the average home price in Summit Park?

The median home value in Summit Park is $1,068,300 according to 2023 Census ACS data.

What is the median income in Summit Park?

The median household income in Summit Park is $179,516 per year (2023 ACS 5-year estimates).

What is the sales tax in Summit Park, UT?

The combined state and local sales tax rate in Summit Park is 5.9%. The Utah state income tax top rate is 4.5%.

Is Summit Park, UT affordable?

Summit Park is above average in cost of living, with an index of 282 — about 182% higher than the national average.

What is the weather like in Summit Park?

Summit Park has average high temperatures of 63.2°F and average lows of 29.9°F. Annual precipitation is 16.4". Average annual snowfall is 70.1". Data from NOAA 1991–2020 Climate Normals.

Summit Park at a Glance

Population
8,545
Median Income
$179,516
Home Value
$1,068,300
Median Rent
$2,348/mo
Unemployment
4.1%
Avg High Temp
63.2°F
Sales Tax
5.9%
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