Median Income
$62,188
household / year
Median Home Value
$134,600
owner-occupied
Median Rent
$843
gross / month
Cost of Living
89
national avg = 100

Is Summit, AR a Good Place to Live?

Summit is a small town of 555 in Arkansas, with a median household income of $62,188 and a 11.9% unemployment rate. Its cost of living index is 89 (US average = 100), which is 11% below the national average.

Strengths: Summit stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Summit is right for you depends on your priorities — the full breakdown is below.

All Summit city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 89.0

Summit's overall cost of living index is 89.0, where 100 represents the US national average. Living in Summit costs roughly 11% less than the average American city.

Metric Summit, AR National Avg
Median Home Value $134,600 $244,900
Median Monthly Rent $843 $1,163
Homeownership Rate 70.9% 65.9%
Median Household Income $62,188 $74,755

Crime & Safety

Safer than Average

Summit's violent crime rate is 383.4 per 100,000 residents — 1% higher than the national average of ~380 per 100,000.

Violent Crime
383.4 /100k
Property Crime
1335.8 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Summit, AR National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 4.6% 35.4%
High School Diploma or Higher 89.4% 91.1%

Weather & Climate

Summit sees average highs of 46.4°F in January and 89.7°F in July, with 46.1 inches of annual precipitation and 8.2 inches of snow per year.

MetricSummit, AR
Average High — January46.4°F
Average High — July89.7°F
Annual Precipitation46.1"
Annual Snowfall8.2"

Demographics

MetricSummit, ARNational Avg
Population555—
Median Age33.838.9
Unemployment Rate11.9%3.7%
Avg Commute Time13.4 min26 min
White (non-Hispanic)100.0%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.0%18.9%
Asian0.0%6.3%
Under 1830.3%22.2%
65 and over8.8%16.8%

Nearby Cities

ZIP Codes in Summit

Summit, AR is covered by 1 ZIP code:

Summit vs Other Cities

Frequently Asked Questions

Summit's cost of living index is 89, where 100 is the national average. That makes Summit roughly 11% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $134,600 and median rent is $843/month.
Summit's violent crime rate is 383.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1335.8 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Summit, AR has a population of 555, a median household income of $62,188, and an unemployment rate of 11.9%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Summit averages 46.4°F in January and 89.7°F in July. Annual rainfall is 46.1 inches with about 8.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Summit, AR is covered by 1 ZIP code: 72677.
The population of Summit, Arkansas is 555 with a median age of 33.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Summit: cost of living index 89 (100 = US average), median home $134,600, median household income $62,188, crime index 86 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Summit side by side with your current city to see the trade-offs.