Cost of Living in Shipman, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.8
100 = national avg
-12.2 vs national average
Living Wage (1 Adult)
$38,624
per year
Living Wage (Family of 4)
$91,294
per year
Cost Index by Category
Housing72.3
Food97.8
Transportation95.5
Healthcare98.2
Utilities93.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Shipman is 87.8, which is 12.2% below the national average. Housing costs are below the national average at an index of 72.3. A single adult needs to earn approximately $38,624 per year to cover basic expenses.