Cost of Living in Mount Summit, IN

A+
13%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
39%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Mount Summit Indiana National
Cost of living8790100
Goods & Services9694100
Groceries9698100
Health care9696100
Housing6172100
Transportation9595100
Utilities113107100
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Cost Of Living Quick Facts

  • The cost of living in Mount Summit is 3% lower than the Indiana average
  • The cost of living in Mount Summit is 13% lower than the national average
  • Mount Summit housing is 39% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Mount Summit

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Compare Mount Summit, IN Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$71,250$5,938$1,662$2,138
      Renters$44,286$3,691$1,033$1,329

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Goods & Services

      Item Mount Summit National avg. Difference
      Haircut $16.50$24.2632.0%
      Beauty Salon $30.94$45.5632.1%
      Toothpaste $3.69$3.700.4%
      Shampoo $1.30$1.281.1%
      Movie $11.69$12.133.6%
      Bowling $11.24$18.0037.6%

      Groceries

      Item Mount Summit National avg. Difference
      Ground Beef $5.74$5.841.8%
      Fried Chicken $1.39$1.5711.7%
      Milk $4.59$4.671.8%
      Potatoes $4.88$4.931.0%
      Pizza $12.18$12.090.8%
      Beer $9.64$10.417.4%

      Health Care

      Item Mount Summit National avg. Difference
      Optometrist $138.77$125.6810.4%
      Doctor $101.43$135.7825.3%
      Dentist $122.83$113.298.4%
      Ibuprofen $10.19$10.654.3%
      Lipitor $475.45$468.601.5%

      Housing

      Item Mount Summit National avg. Difference
      Home Price $97,100.00$184,700.0047.4%
      Avg. Mortgage Payment $1,324.56$2,346.6943.6%
      Apartment Rent $761.00$949.0019.8%

      Transportation

      Item Mount Summit National avg. Difference
      Gasoline $3.51$3.461.4%
      Tire Balancing $47.59$59.9220.6%

      Utilities

      Item Mount Summit National avg. Difference
      All Electricity $236.28$193.9921.8%
      Phone $189.86$192.251.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Blountsville, IN837822.2%
      Mount Auburn, IN927723.5%
      Cadiz, IN2428218.2%
      Losantville, IN2588217.9%
      Mooreland, IN3388317.4%
      Mount Summit, IN4088713.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hammondville, AL4088514.5%
      Greasewood, AZ408909.9%
      Wenden, AZ4088119.3%
      Edna, CA408263163.2%
      Shady Dale, GA4088415.7%
      Mount Summit, IN4088713.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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