Housing costs in Shannon?
A typical home costs
$136,300, which is 59.7% less expensive than the national average of
$338,100 and 12.2% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Shannon costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 2.3% cheaper than the state average of
$890.
Can I afford Shannon?
To live comfortably in Shannon, Mississippi, a minimum annual income of
$26,280 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Shannon?
The cost of living in Shannon, MS is relatively low compared to other parts of the country. Housing costs are especially low, with a median house price of around $77,000 - far lower than many cities and towns in the U.S. Other costs of living such as food, transportation, and utilities are also quite affordable compared to other places. The average cost for groceries in Shannon is around 8% lower than the national average, making it an attractive option for those who want to save money on their expenses. Additionally, gasoline prices tend to be cheaper than most other cities in Mississippi due to its rural location. For those looking for an affordable place to live and work, Shannon is definitely worth considering.