Shiprock, New Mexico, shows a cost of living index that is notably lower than the nationwide average. The overall cost of living index for Shiprock stands at 86, which is 14% below the national average of 100. Housing, in particular, has the most significant difference, with an index of 75, representing a 25% reduction from the average. These figures suggest that job seekers considering Shiprock may find living costs to be more affordable.
Job seekers exploring opportunities in Shiprock, New Mexico, will find the cost of living index offers a different perspective compared to the nationwide average. The overall cost of living index in Shiprock stands at 85, which is slightly lower than the national average of 100. This suggests that, on average, living in Shiprock is about 15% less expensive than many other places across the country.
Breaking down the categories, housing in Shiprock shows a significant advantage. The housing index here is 75, meaning housing costs are 25% lower than the national average. This offers a considerable saving for those looking to settle down in Shiprock. Groceries, another major expense, follow closely with an index of 95, indicating a 5% savings on food costs compared to the average American. Utilities and transportation also offer moderate savings, with indices of 90 and 85, respectively. Health care costs, while still somewhat affordable, are at an index of 80, suggesting a 20% savings. Miscellaneous costs, often overlooked, stand at 88, showing an 12% increase. Overall, Shiprock presents a cost-effective option for many families and individuals seeking a more affordable lifestyle.
