Shannon, MS (38868) is an ideal place to settle down. The area offers a relatively low cost of living with two bedroom rent prices at $880 compared to the US average of $1,430. Food costs are also lower than the national index at 93 versus 100 in the US. Residents will find plenty of local amenities and businesses in Shannon such as the Shannon Shopping Center, Dollar General, and T-Mart Grocery & Deli. Additionally, there are several parks and recreation areas like Blytheville Park and Smith Lake Recreation Area that provide great outdoor activities for all ages.
Shannon (zip 38868) has an unemployment rate of 5.6%. The US average is 6.0%.
Shannon (zip 38868) 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 (zip 38868)
- The Sales Tax Rate for Shannon (zip 38868) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shannon (zip 38868) 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 (zip 38868)
- The average income of a Shannon (zip 38868) resident is $17,187 a year. The US average is $28,555 a year.
- The Median household income of a Shannon (zip 38868) resident is $49,149 a year. The US average is $69,021 a year.