Housing costs in Summit?
A typical home costs
$160,000, which is 52.7% less expensive than the national average of
$338,100 and 3.0% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Summit costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 8.5% cheaper than the state average of
$890.
Can I afford Summit?
To live comfortably in Summit, Mississippi, a minimum annual income of
$30,600 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Summit?
The cost of living in Summit, MS is relatively low compared to other parts of the country. According to Sperling's Best Places, the cost of living index is 85, which is 15% lower than the national average. The median home value in Summit, MS is $83,000, and the median rent is only $714 per month. The average household income is around $40,000 and groceries are generally 10-15% cheaper than in other parts of the country. Overall, Summit appears to be a great place to live for those seeking an affordable lifestyle.