Specs for minimum ping of some internet technologies:

2G (100–400 Kbit/s) 300–1000 ms

3G (0.5–5 Mbit/s) 100–500 ms

4G (1–50 Mbit/s) < 100 ms

ADSL+PPP (0.1-200 Mbit/s) 40 ms

Cable (2 Mbit/s - 1 Gbit/s) 80 ms

Fibre (1 Gbit/s - 100 Gbit/s) 5 ms

Note that this latency is just the transmission delay, it does not send your data more than a few hundred meters (technically up to 200km for fibre, but usually the actual distance sent is still hundreds of meters).

After that, you should consider that your data is probably being sent at least to the capital of your state, or some other large city, before there is any routing (meaning a packet to your neighbor gets sent to this large city and back). This distance tends to be more than the distance to LEO and back (but of course, your wouldn't be sending it straight up to LEO but at an angle, so the number of satellites makes a large difference. At 4000, it won't be a huge angle).

So this can still beat every technology except perhaps FTTH, which is hugely expensive and not widely spread at all. Furthermore, it can beat every mobile last mile technology.