Cost of Living in Summit, MS

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12%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
40%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Summit Mississippi National
Cost of living8886100
Groceries10197100
Health care9795100
Housing6063100
Transportation9994100
Utilities10398100
Lifestyle & Entertainment9694100
Household Items10096100
Education & Childcare10094100
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Homes For Sale In Summit, MS

property for sale

3100 River Ridge Rd

Summit, MS
property for sale

3115 River Ridge Rd

Summit, MS
property for sale

1024 Walker Ln

Summit, MS
property for sale

500 Poplar St

Summit, MS

Cost Of Living Quick Facts

  • The cost of living in Summit is 2% higher than the Mississippi average
  • The cost of living in Summit is 12% lower than the national average
  • Summit housing is 40% lower than the national average
  • Mississippi general sales tax is 37% higher than the national average
  • Mississippi state income tax is 93% higher than the national average

Most Affordable Places to Live in and Around Summit

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      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$56,775$4,731$1,325$1,703
      Renters$21,596$1,800$504$648

      Mississippi Sales Tax

      State General Sales Tax With Max Surtax
      Mississippi 7% 7.25%

      Mississippi Income Tax

      State Income Tax (Low) Income Tax (High)
      Mississippi 5% 5%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Magnolia, MS3,0868317.1%
      McComb, MS13,2538712.9%
      Summit, MS2,7308812.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mineral Point, WI2,730937.4%
      Sunshine Coast A, BC2,730n/a 
      Laurel Lake, NJ2,7291022.2%
      Fritch, TX2,729928.3%
      Verona Walk, FL2,73113636.3%
      Summit, MS2,7308812.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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