Shannon, Mississippi is a small city located in the northern part of the state. Despite its small population of just over 1,000 people, Shannon is a great place to live due to its low rental cost of $870 for a two bedroom apartment and relatively low grocery cost index of 93 compared to the US average of 100. The city also has several local businesses such as Shannon Tire & Auto Repair, Southern Barber Shop, and Givens Grocery Store. All three businesses provide excellent customer service and offer competitive prices on products and services. For those looking for a quiet town with plenty of local amenities, Shannon is an excellent option.
Shannon has an unemployment rate of 5.6%. The US average is 6.0%.
Shannon has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Shannon
- The Sales Tax Rate for Shannon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shannon is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shannon
- The average income of a Shannon resident is $14,304 a year. The US average is $28,555 a year.
- The Median household income of a Shannon resident is $35,365 a year. The US average is $69,021 a year.