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Merigold, MS vs Shannon, MS

73
Merigold
Mississippi
VS
+15.6%
63
Shannon
Mississippi

There is a significant gap in the cost of living between these two cities. Shannon is 15.6% cheaper than Merigold. With a cost index of 63 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Shannon to Merigold should plan for substantially higher expenses across most categories.

On the housing front, median rent in Merigold is $1,083/month compared to $723/month in Shannon — a 50% difference. Interestingly, home values tell a different story: while Shannon has cheaper rent, Merigold actually has lower median home values ($107,600 vs $120,200).

Median household income in Merigold is $53,558 compared to $42,208 in Shannon (+26.9%). While Merigold is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Merigold spend roughly 24.3% of their income on rent, more than the 20.6% in Shannon.

Climate-wise, both cities share similar average temperatures (64°F vs 63.6°F). Shannon receives more rainfall at 57.7" per year compared to 49" in Merigold.

Income & Cost

Cost of Living Index
Merigold
73
Shannon
63
14% cheaper
Median Household Income
Merigold
$53,558
21% higher
Shannon
$42,208

Housing

Median Rent
Merigold
$1,083
Shannon
$723
33% cheaper
Median Home Value
Merigold
$107,600
10% cheaper
Shannon
$120,200
Population
Merigold
634
Shannon
1,719

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Merigold 64°F
Shannon 63.6°F
Summer High
Merigold 93°F
Shannon 92°F
Winter Low
Merigold 35°F
Shannon 34°F
Rainfall
Merigold 49"
Shannon 57.7"
Rainy Days
Merigold 104d
Shannon 115d