Cost Of Living in Shiprock, NM

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17%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

51%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Shiprock	New Mexico	National
Cost of living	83	94	100
Groceries	101	98	100
Health care	99	98	100
Housing	49	85	100
Transportation	98	98	100
Utilities	96	97	100
Lifestyle & Entertainment	95	96	100
Household Items	99	98	100
Education & Childcare	95	96	100

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Cost Of Living Quick Facts

The cost of living in Shiprock is 11% lower than the New Mexico average
The cost of living in Shiprock is 17% lower than the national average
Shiprock housing is 51% lower than the national average
New Mexico general sales tax is 2% lower than the national average
New Mexico state income tax is 35% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$82,967	$6,914	$1,936	$2,489
Renters	$42,276	$3,523	$986	$1,268

To approximate the cost of living and the housing affordability in Shiprock, NM, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Shiprock have a median income of $82,967. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,936 per month to avoid calamity and poverty. The renters in the city have an income of about $42,276, which would make their monthly maximum allowable rental costs $986.

New Mexico Sales Tax

State	General Sales Tax	With Max Surtax
New Mexico	5%	8.688%

New Mexico Income Tax

State	Income Tax (Low)	Income Tax (High)
New Mexico	1.7%	5.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Nenahnezad, NM	485	80	20.0%
Waterflow, NM	1,604	96	3.9%
Shiprock, NM	8,762	83	16.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Glens Falls, NY	8,764	113	12.6%
Guntersville, AL	8,759	98	2.3%
Druid Hills, GA	8,758	162	62.2%
East Grand Forks, MN	8,756	100	0.5%
Richmond Heights, MO	8,756	107	7.4%
Shiprock, NM	8,762	83	16.8%