Belmont, MS vs Latimer, MS
There is a significant gap in the cost of living between these two cities. Belmont is 15% cheaper than Latimer. With a cost index of 68 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belmont to Latimer should plan for substantially higher expenses across most categories.
On the housing front, median rent in Belmont is $766/month compared to $1,126/month in Latimer — a 32% difference. Home values follow the same pattern: Belmont is more affordable at $160,900 median vs $178,500.
Median household income in Belmont is $43,152 compared to $66,016 in Latimer (-34.6%). While Latimer is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belmont spend roughly 21.3% of their income on rent, more than the 20.5% in Latimer.
Climate-wise, Latimer is notably warmer with an average of 68.3°F compared to 59.6°F in Belmont. Latimer receives more rainfall at 62.8" per year compared to 58.7" in Belmont.
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Climate
NOAA 30-year normals (1991-2020)