Shaw, MS vs Pennington Gap, VA: Cost of Living

Which city costs less?

Pennington Gap, VA has a modeled overall cost index 20.0% higher than Shaw, MS.

Shaw, MS · modeled 2BR rent: $870 / month
Pennington Gap, VA · modeled 2BR rent: $910 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Shaw, MS and Pennington Gap, VA using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Shaw, MS

Numbers update automatically as you type

Estimated extra cost: $1,124/month in Pennington Gap, VA

$150,000 in your current city has a modeled equivalent of $163,483 in Pennington Gap, VA

Regional cost estimates: Shaw, MS uses Memphis, TN. Pennington Gap, VA uses Lexington, KY. Available city ZIP rent estimates are shown separately.

Overall Cost

↑ 20.0%

More expensive

Monthly Impact

$1,124

Extra cost

Annual Impact

$13.5K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Shaw, MS

Population:1K

Cost Index:

66.4

100 = national average

Typical Home:$93K

Pennington Gap, VA

Population:2K

Cost Index:

79.7

100 = national average

Typical Home:$93K

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Shaw, MS

The Magnolia State

Population

State Tax

Yes

Located in Mississippi, this city has a population of 1K residents.

Pennington Gap, VA

The Old Dominion State

Population

State Tax

Yes

Located in Virginia, this city has a population of 2K residents.

Cost Breakdown by Category

Estimated monthly spending: Shaw, MS vs Pennington Gap, VA

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Shaw, MS	Pennington Gap, VA	Difference	Change
Housing	$1,818/mo	$2,558/mo	↑ $740more	40.7%
Other	$1,833/mo	$1,994/mo	↑ $161more	8.8%
Transportation	$1,361/mo	$1,478/mo	↑ $117more	8.6%
Groceries	$1,171/mo	$1,260/mo	↑ $88.96more	7.6%
Healthcare	$656/mo	$724/mo	↑ $67.71more	10.3%
All Utilities	$661/mo	$610/mo	↓ $50.71less	7.7%

Housing

↑ 40.7%

Shaw, MS

$1,818

Pennington Gap, VA

$2,558

Difference

$740

Other

↑ 8.8%

Shaw, MS

$1,833

Pennington Gap, VA

$1,994

Difference

$161

Transportation

↑ 8.6%

Shaw, MS

$1,361

Pennington Gap, VA

$1,478

Difference

$117

Groceries

↑ 7.6%

Shaw, MS

$1,171

Pennington Gap, VA

$1,260

Difference

$88.96

Healthcare

↑ 10.3%

Shaw, MS

$656

Pennington Gap, VA

$724

Difference

$67.71

All Utilities

↓ 7.7%

Shaw, MS

$661

Pennington Gap, VA

$610

Difference

$50.71

less

🏠Rent Comparison

Studio

From$650

To$690

↑ $40.00

1 Bed

From$730

To$700

↓ $30.00

2 Bed

From$870

To$910

↑ $40.00

3 Bed

From$1,180

To$1,240

↑ $60.00

Shaw, MSZIP-level data

1BR range: $730–$730/mo

Pennington Gap, VAZIP-level data

1BR range: $700–$700/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Shaw, MS

$8,624

Monthly in Pennington Gap, VA

$1,124

Difference

Home Values

Shaw

Pennington Gap

$93K

Median Value

$93K

↓ -22.1%

YoY Change

↑ +11.4%

↓ -29.3%

5-Year Change

↑ +11.9%

Calculate payment - Shaw Calculate payment - Pennington Gap

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $1.0K

More taxes

Monthly Difference

$84.79

Less take-home

Effective Rate Diff

0.7%

Rate difference

Shaw, MS

Federal Income Tax

Effective: 18.9%

$25.5K

Mississippi State Tax

Effective: 4.9%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,803/month

$105.6K

Pennington Gap, VA

Federal Income Tax

Effective: 18.9%

$25.5K

Virginia State Tax

Effective: 5.6%

$8.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.3%

$45.4K

Take-Home Pay

$8,718/month

$104.6K

Additional Tax Information

Shaw, MS Tax Rates

Sales Tax:7.1%

Property Tax:0.6%

Pennington Gap, VA Tax Rates

Sales Tax:5.7%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Shaw

Pennington Gap

55 Moderate

Air Quality

41 Good

34.4%

Good Air Days

79.2%

99 High

Climate Risk

92 Moderate

🌊🌡🫨

Top Hazards

🌪💨

▲+2.8°F

2050 Outlook

▲+3.0°F

54 days

Heat Days >95°F

21 days

▲+2.8°F

2050 Outlook

▲+3.0°F

54 days

Heat Days >95°F

21 days

Before moving from Shaw, MS to Pennington Gap, VA

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Pennington Gap, VA for the same bedroom count and included utilities as your home in Shaw, MS. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Shaw to Pennington Gap moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Pennington Gap, VA by cost, housing, population and region.

Frequently Asked Questions: Shaw, MS vs Pennington Gap, VA

How do the cost estimates for Shaw, MS and Pennington Gap, VA compare?

Pennington Gap, VA has a modeled overall cost index 20.0% higher than Shaw, MS. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Shaw, MS, the model estimates $163,483 in Pennington Gap, VA. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Shaw, MS and Pennington Gap, VA?

The modeled two-bedroom rents are $870/month in Shaw, MS and $910/month in Pennington Gap, VA. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Mississippi and Virginia on TaxTakeHome.com

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