Cost of Living in Summit, OR

With a cost of living index of 114, Summit, OR is somewhat more expensive than average. Living here is 14% more expensive than the national average and 7% above the Oregon state average of 106. Summit is a small community of 212 residents.

The median household income in Summit is $120,781, which is 61% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Summit. The area sees an average annual temperature of 52.2°F, with summers averaging 64°F and winters around 41°F. Annual rainfall totals 41.5 inches spread over roughly 143 days.

Everyday prices in the Corvallis, OR (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.