Cost of living in Shippensburg 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 Shippensburg is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Pennsylvania, 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 Shippensburg is 94, with 100 being the average.
The cost of living index in Shippensburg is 0.9x lower than the national average.
Shippensburg ranks as the #86 cheapest in Pennsylvania out of 247.
Shippensburg ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Shippensburg is $134,300.
The median income in Shippensburg is $45,219.
According to the most recent data on the cost of living, Shippensburg has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Pennsylvania, Shippensburg has a cost of living index that's 1.0x lower than Pennsylvania's index of 97.
The standard of living in Shippensburg ranks as #86 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Shippensburg ranks as the #161 most expensive place in the Keystone State.
For more reading on life in Shippensburg, check out:
Six factors go into calculating the cost of living index in Shippensburg. Here is how it fairs on each of the criteria:
The Services index in Shippensburg is 102.
The Groceries index in Shippensburg is 95.
The Health index in Shippensburg is 103.
The Housing index in Shippensburg is 83.
The Transportation index in Shippensburg is 96.
The Utilities index in Shippensburg is 98.
|Living Expense||Shippensburg||Pennsylvania||National Average|
Housing swings affordability the most between places in Pennsylvania, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Shippensburg is $134,300.
The Median Rent in Shippensburg is $799.
The Median Income in Shippensburg is $45,219.
The Home Value To Income in Shippensburg is 3.0x.
The Rent To Monthly Income in Shippensburg is 0.21x.
|Median Home Value||$134,300||$197,300||$244,900|
|Home Value To Income||3.0x||2.9x||3.5x|
|Rent To Monthly Income||0.21x||0.18x||0.2x|
The cost of living varies in the cities and towns around Shippensburg. Here's a quick look at the cost of living in the most populous nearby places:
Chambersburg, PA has a cost of living index of 96, 1.0x Shippensburg.
Progress, PA has a cost of living index of 99, 1.1x Shippensburg.
East York, PA has a cost of living index of 100, 1.1x Shippensburg.
|City||Population||Cost Of Living||Vs. Shippensburg|
|East York, PA||8,670||100||1.1x|
|Camp Hill, PA||8,115||106||1.1x|
|New Cumberland, PA||7,481||98||1.0x|
|Lower Allen, PA||7,019||102||1.1x|