Shiprock, NM, has a cost of living index that is 93% of the nationwide average. This means that, overall, living expenses in Shiprock are slightly lower than the national average. Housing costs in Shiprock are notably lower, with an index of 85, while groceries and healthcare are close to the national average at 95 and 98, respectively. Utilities, transportation, and miscellaneous expenses also remain relatively close to the national average, with indices of 90, 94, and 92.
Shiprock, NM, offers a cost of living that is notably lower than the national average, which is set at 100. Housing costs in Shiprock stand at 85, which means residents spend 15% less on housing compared to the nationwide average. This lower cost can be a significant advantage for those looking to settle in Shiprock, as it provides more financial flexibility for other expenses.
In addition to housing, the cost of groceries in Shiprock is 95, which is 5% below the national average. This slight reduction in grocery costs can help families manage their budgets more effectively. Utilities in Shiprock are priced at 90, which is 10% less than the average. Transportation costs are also slightly lower, at 94, which represents a 6% decrease. Healthcare costs are slightly higher, at 98, which is 2% above the national average. Miscellaneous expenses are at 92, which is 8% below the average. Overall, Shiprock provides a cost of living that is generally more affordable, making it an attractive option for those seeking a balance between quality of life and financial savings.
