Shiprock, NM Cost Of Living
Cost Of Living In Shiprock, NM Summary
Cost of living in Shiprock research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Shiprock is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Shiprock is 84, with 100 being the average.
The cost of living index in Shiprock is 0.8x lower than the national average.
Shiprock ranks as the #7 cheapest in New Mexico out of 45.
Shiprock ranks as the #406 cheapest out of 6,489 in the US.
The median home value in Shiprock is $136,301.
The median income in Shiprock is $41,563.
Table Of Contents
Shiprock's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Shiprock, NM?
According to the most recent data on the cost of living, Shiprock has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to New Mexico, Shiprock has a cost of living index that's 0.9x lower than New Mexico's index of 95.
The standard of living in Shiprock ranks as #7 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Shiprock ranks as the #38 most expensive place in the Land of Enchantment.
For more reading on life in Shiprock, check out:
In New Mexico
In America
Shiprock Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Shiprock. Here is how it fairs on each of the criteria:
The Services index in Shiprock is 101.
The Groceries index in Shiprock is 106.
The Health index in Shiprock is 107.
The Housing index in Shiprock is 49.
The Transportation index in Shiprock is 109.
The Utilities index in Shiprock is 92.
| Living Expense | Shiprock | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 84 | 95 | 100 | |
| Services | 101 | 96 | 100 | |
| Groceries | 106 | 96 | 100 | |
| Health | 107 | 95 | 100 | |
| Housing | 49 | 87 | 100 | |
| Transportation | 109 | 93 | 100 | |
| Utilities | 92 | 89 | 100 | |
Shiprock, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Shiprock is $136,301.
The Median Rent in Shiprock is $693.
The Median Income in Shiprock is $41,563.
The Home Value To Income in Shiprock is 3.3x.
The Rent To Monthly Income in Shiprock is 0.2x.
| Statistic | Shiprock | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $136,301 | $311,815 | $303,400 |
| Median Rent | $693 | $1,021 | $1,348 |
| Median Income | $41,563 | $62,125 | $78,538 |
| Home Value To Income | 3.3x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Shiprock, NM Costs By Category
Detailed Shiprock Services Costs Vs. New Mexico
| Item | Shiprock | New Mexico |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $10.84 | $12.13 |
| Bowling | $13.55 | $18 |
| Haircut | $27.07 | $24.26 |
| Beauty Salon | $38.5 | $45.56 |
Detailed Shiprock Groceries Costs Vs. New Mexico
| Item | Shiprock | New Mexico |
|---|---|---|
| Ground Beef | $5.27 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.16 | $4.93 |
| Pizza | $12.49 | $12.09 |
| Beer | $10.74 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Shiprock Health Costs Vs. New Mexico
| Item | Shiprock | New Mexico |
|---|---|---|
| Optometrist | $108.15 | $125.68 |
| Doctor | $121.76 | $135.78 |
| Dentist | $124.32 | $113.29 |
Detailed Shiprock Transportation Costs Vs. New Mexico
| Item | Shiprock | New Mexico |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $56.9 | $59.92 |
Detailed Shiprock Utilities Costs Vs. New Mexico
| Item | Shiprock | New Mexico |
|---|---|---|
| All Electricity | $173.81 | $193.99 |
| Phone | $193.95 | $192.25 |
Shiprock SnackAbility
/10
Cost Of Living In Cities Around Shiprock
The cost of living varies in the cities and towns around Shiprock. Here's a quick look at the cost of living in the most populous nearby places:
Farmington, NM has a cost of living index of 99, 1.2x Shiprock.
Cortez, CO has a cost of living index of 97, 1.2x Shiprock.
Bloomfield, NM has a cost of living index of 93, 1.1x Shiprock.
| City | Population | Cost Of Living | Vs. Shiprock |
|---|---|---|---|
| Farmington, NM | 46,339 | 99 | 1.2x |
| Cortez, CO | 8,898 | 97 | 1.2x |
| Bloomfield, NM | 7,391 | 93 | 1.1x |
| Aztec, NM | 6,177 | 96 | 1.1x |
