Cost Of Living In Shannon, MS

Shannon cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Shannon	Mississippi	National
Cost of living index	78	84	100
Index	Shannon	Mississippi	National
Goods & Services index	90	93	100
Groceries index	87	94	100
Health care index	96	90	100
Housing index	50	63	100
Transportation index	98	93	100
Utilities index	80	90	100

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The cost of living in Shannon is 7% lower than the Mississippi average.
The cost of living in Shannon is 22% lower than the national average.
The cost of housing in Shannon is 50% lower than the national average.
Mississippi general sales tax is 37% higher than the national average.
Mississippi state income tax is 35% higher than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$39,861	$3,322	$930	$1,196
Renters	$15,921	$1,327	$371	$478

Mississippi Sales Tax

State	General Sales Tax	With Max Surtax
Mississippi	7%	7.25%

Mississippi Income Tax

State	Income Tax (Low)	Income Tax (High)
Mississippi	3%	5%

Goods & Services

Item	Shannon	National avg.	Difference
Haircut	$14.11	$15.56	9.3%
Beauty Salon	$20.55	$36.11	43.1%
Toothpaste	$1.59	$2.47	35.8%
Shampoo	$0.76	$0.96	21.2%
Movie	$9.33	$10.13	7.8%
Bowling	$3.75	$4.74	20.8%

Groceries

Item	Shannon	National avg.	Difference
Ground Beef	$3.43	$3.98	13.9%
Fried Chicken	$0.96	$1.41	32.0%
Milk	$1.98	$2.06	4.1%
Potatoes	$2.97	$2.98	0.5%
Pizza	$9.00	$9.47	5.0%
Beer	$7.48	$8.79	14.9%

Health Care

Item	Shannon	National avg.	Difference
Optometrist	$125.00	$101.04	23.7%
Doctor	$84.78	$107.44	21.1%
Dentist	$90.45	$90.42	0.0%
Ibuprofen	$8.07	$9.28	13.1%
Lipitor	$436.15	$426.50	2.3%

Housing

Item	Shannon	National avg.	Difference
Home Price	$80,300.00	$175,700.00	54.3%
Avg. Mortgage Payment	$757.17	$1,133.23	33.2%
Apartment Rent	$561.00	$920.00	39.0%

Transportation

Item	Shannon	National avg.	Difference
Gasoline	$1.89	$1.99	5.0%
Tire Balancing	$47.89	$45.76	4.7%

Utilities

Item	Shannon	National avg.	Difference
All Electricity	$122.15	$163.81	25.4%
Phone	$25.01	$28.39	11.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Okolona, MS	2,669	73	-27%
Verona, MS	3,052	76	-24%
Amory, MS	7,197	77	-23%
Nettleton, MS	1,634	78	-22%
Plantersville, MS	933	79	-21%
Shannon, MS	1,831	78	-22%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lunenburg, MA	1,831	119	19%
Aberdeen, IN	1,831	123	23%
Cold Spring, NY	1,831	141	41%
Forsyth, MT	1,831	91	-9%
White House Station, NJ	1,831	132	32%
Shannon, MS	1,831	78	-22%

Source: The Shannon, MS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Shannon, MS Cost of Living