Housing costs in Shannon?
A typical home costs
$118,700, which is 64.9% less expensive than the national average of
$338,100 and 59.0% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Shannon costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 24.7% cheaper than the state average of
$1,110.
Can I afford Shannon?
To live comfortably in Shannon, North Carolina, a minimum annual income of
$22,680 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Shannon?
Shannon, NC is an affordable city to live in. The cost of living in the area is relatively low thanks to low housing costs and a diverse range of job opportunities with competitive salaries. The median home cost in Shannon is around $122,400 which is significantly lower than the national average. Additionally, households typically spend less than 15% of their income on transportation costs due to the city's close proximity to major cities such as Charlotte and Raleigh. All these factors make Shannon a great place for families or individuals looking for a more affordable place to live.