Cost of Living in Summit County, Utah

$1,969/mo
Median Monthly Rent
$1,000,400
Median Home Value
79% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,969/mo
79% above state average
Median Home Value
$1,000,400
255% above national
Rent-to-Income Ratio
25.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Summit County Compares

Median monthly rent comparison

Summit County$1,969/mo
Utah Average$1,101/mo
National Median$1,163/mo

Detailed Housing Stats

$1,969/mo
Median Gross Rent
$1,000,400
Median Home Value
$2,074/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Summit County, Utah

Summit's high earners handle premium costs

Summit County's median household income of $137,058 is 83% higher than the national average, allowing residents to absorb its steep housing costs. At a rent-to-income ratio of 17.2%, renters spend more of their income on housing than the national norm, but exceptional earnings provide substantial cushion.

Utah's priciest market, highest earners

Summit County has Utah's highest median home value at $1,000,400 and among the state's highest rents at $1,969 monthly. Though its rent-to-income ratio of 17.2% exceeds Utah's 16.6% average, the county's extraordinary median income of $137,058 makes these premium costs manageable for most residents.

Park City premium towers over region

Summit County's $1,969 monthly rent and $2,074 owner costs far exceed all neighboring Utah counties—Salt Lake's $1,493 rent and Tooele's $1,568 owner costs pale by comparison. The county's median home value of $1,000,400 reflects its exclusive mountain resort positioning and skier-friendly proximity.

Premium housing for premium incomes

Renters spend $1,969 monthly while homeowners average $2,074, consuming 17.2% to 18.1% of a median $137,058 household income. Despite these steep absolute costs, the typical Summit family dedicates roughly $23,600 to $30,200 annually to housing—a manageable share for high earners.

Summit: luxury living comes at a cost

Summit County suits affluent relocators drawn to world-class skiing, outdoor recreation, and mountain lifestyle—but only if your income justifies the premium. The county's $1,000,400 median home value and $1,969 rents demand six-figure household income to maintain comfortable financial footing.

Affordability Calculator

See how your income compares to housing costs in Summit County

$

Rent Burden

17.2%

of gross income

Max Housing (28% Rule)

$3,198

per month

Owner Cost Burden

18.2%

of gross income

The median home in Summit County may be a stretch

Median home value is $1,000,400. Estimated monthly cost: $7,987 vs. your max of $3,198.

Rent Affordability Guide

Your rent-to-income ratio17.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Summit County, Utah?
Summit County, Utah has a median monthly rent of $1,969/mo and a median home value of $1,000,400. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Summit County?
The median gross rent in Summit County is $1,969/mo. This is 79% above state average for Utah.
Is Summit County affordable?
Summit County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Summit County's rent compare to the state average?
Summit County's median rent of $1,969/mo is 79% above state average of $1,101/mo for Utah.
What is the median home value in Summit County?
The median home value in Summit County, Utah is $1,000,400. This is 255% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.