Shannon, MO County is a great place to live due to its affordable cost of living. The average rent for a two bedroom apartment in the area is only $800 compared to the national average of $1,430. Additionally, the Grocery Cost Index is 94 compared to 100 in the US. Many companies have seen these advantages and opened offices in Shannon, such as Walmart, Home Depot and McDonalds. These businesses provide employment opportunities for local residents and further contribute to the growth and development of Shannon.
Shannon County has an unemployment rate of 6.6%. The US average is 6.0%.
Shannon County has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Shannon County
- The Sales Tax Rate for Shannon County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Shannon County is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shannon County
- The average income of a Shannon County resident is $18,931 a year. The US average is $28,555 a year.
- The Median household income of a Shannon County resident is $41,176 a year. The US average is $69,021 a year.