Lambert, MS vs Summit, MS
There is a significant gap in the cost of living between these two cities. Lambert is 18.4% cheaper than Summit. With a cost index of 56 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lambert to Summit should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lambert is $636/month compared to $936/month in Summit — a 32% difference. Home values follow the same pattern: Lambert is more affordable at $59,700 median vs $101,700.
Median household income in Lambert is $28,793 compared to $33,983 in Summit (-15.3%). The higher salaries in Summit partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lambert spend roughly 26.5% of their income on rent, less than the 33.1% in Summit. The Lambert ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.
Climate-wise, both cities share similar average temperatures (64°F vs 66.2°F). Summit receives more rainfall at 60.6" per year compared to 51.8" in Lambert.
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Climate
NOAA 30-year normals (1991-2020)