Shannon, NC is a small rural town located in Moore County. It has a population of about 1,200 people and is known for its friendly community atmosphere. The cost of living in Shannon is quite affordable, with 2 bedroom rent being $890/month compared to the US average of $1,430/month. Grocery costs are also relatively low at 92 versus 100 in the US overall. There are many local companies in Shannon that contribute to its thriving economy including Danial's Automotive Services, Liberty Insurance Solutions, and Keesler Construction Inc. All three companies provide valuable services to the local community while helping them stay within their budget. Overall, Shannon is an ideal place for those looking for a safe and affordable place to call home.
Shannon has an unemployment rate of 6.8%. The US average is 6.0%.
Shannon has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, 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 5.5%. 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 $13,474 a year. The US average is $37,638 a year.
- The Median household income of a Shannon resident is $25,856 a year. The US average is $69,021 a year.