Housing costs in Shiprock?
A typical home costs
$95,100, which is 71.9% less expensive than the national average of
$338,100 and 64.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Shiprock costs
$820 per month, which is 19.6% cheaper than the national average of
$1,020 and 11.0% cheaper than the state average of
$910.
Can I afford Shiprock?
To live comfortably in Shiprock (zip 87420), New Mexico, a minimum annual income of
$18,360 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Shiprock?
The cost of living in 87420 Shiprock, NM is relatively low compared to other areas. According to the 2019 Cost of Living Index, Shiprock has an overall index score of 87.4 out of 100. This indicates that costs are lower than the national average by 12.6%. The median home price is about $100,000, and a typical utility bill for a 2-bedroom apartment runs around $120. Groceries and other household items are generally much cheaper than in larger cities, providing an affordable lifestyle even on a smaller budget. For those looking to live close to nature with mild winters and summer days, 87420 Shiprock may be an ideal choice.