Personal loans in Shannon, MS

Two households in Shannon with comparable incomes can still be offered different rates; the city's 1,480 residents are not the reason. Census figures put the 2020-to-2023 decrease in Shannon at about 1.1%. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Shannon loan. Borrowers who want a bigger city can look to Nettleton, MS about 4 miles away.

Shannon: population, trend and location

The figures below are Shannon's own — Census population, land area and coordinates — followed by the Mississippi rules.

• Population: about 1,480, ranked 123rd of 299 places in Mississippi (Census Vintage 2023 subcounty estimate).
• Population trend: About 1.1% below the 2020 Census base.
• Net change: roughly 16 fewer people than the 2020 Census counted.
• Size percentile: roughly 59% of Mississippi places rank below Shannon.
• Population density: about 365 people per square mile (Census land area 4.0 sq mi).
• Land area: Shannon covers 4.0 square miles, the 122nd-largest area among Mississippi's 299 places.
• Share of state population: Shannon's 1,480 residents are about 0.1% of Mississippi.
• National standing: Shannon ranks 8,732nd of 19,457 US places.
• Growth rank: Shannon ranks 87th among Mississippi's 299 places for the 2020-to-2023 change.
• State comparison: Mississippi's places average -2.3% for 2020-to-2023, against Shannon's 1.1%.
• Density rank: Shannon is the 181st most densely settled place in Mississippi.
• Against the state median: Shannon runs about 365 residents per square mile, where the Mississippi median is 434.
• Location: 34.1144, -88.6931 (Census Gazetteer coordinates).
• Nearest larger cities: Nettleton (4 mi); Verona (5 mi); Okolona (8 mi); Tupelo (11 mi); Amory (15 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Nearest smaller towns: Plantersville (7 mi); Smithville (17 mi); Mantachie (18 mi).
• Smaller neighbours: 41 places smaller than Shannon sit within 50 miles.
• At 100 miles: 90 larger Census places fall inside that radius.

The geography behind Shannon

Shannon's land area is roughly 4.0 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 365 people per square mile. The largest place in Mississippi, Jackson, lies about 152 miles away. A 50-mile radius around Shannon takes in 26 places that are larger. Within the same 50 miles lie 41 smaller Census places.

Inside a Shannon personal loan

Most loans made to Shannon's 1,480 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Because pricing is borrower-level, two people in Shannon can be quoted different APRs on the same amount and term. Because the payment is fixed, the total cost of a Shannon loan is knowable in advance — unlike a revolving card balance.

Shannon in state context

Within Mississippi, Shannon holds roughly 0.1% of all residents, the 123rd-largest share among 299 places. Its 2020-to-2023 change ranks 87th of 299 Mississippi places, putting it near the 71th percentile for growth. At about 365 people per square mile, Shannon is the 181st most densely settled place in Mississippi. By land area, its 4.0 square miles rank 122nd of 299 places in Mississippi.

How Mississippi law applies in Shannon

Read the table as a lender's compliance picture for Shannon: the rule, the sourced figure, the publisher and the date.

What to do before borrowing in Shannon

For Shannon's roughly 1,480 residents, these are the steps that most influence the offer:

1. Get your credit reports, dispute what is wrong, and only then start shopping.
2. Test your amount and term in the personal loan calculator first.
3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
4. Check the Mississippi regulator's records to confirm the lender is licensed here.
5. Pick the shortest term whose payment you can comfortably afford.
6. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
7. Write down the purpose of the loan and your repayment plan before you apply.

None of these steps is Shannon-specific: the same Mississippi licensing and disclosure rules reach all 1,480 residents.