Cost of Living in Shipman, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.4
100 = national avg
-7.6 vs national average
Living Wage (1 Adult)
$40,673
per year
Living Wage (Family of 4)
$96,136
per year
Cost Index by Category
Housing115.3
Food85.1
Transportation70.3
Healthcare88.1
Utilities94.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,602
per month
2 Bedroom
$1,824
per month
The overall cost of living index in Shipman is 92.4, which is 7.6% below the national average. Housing costs are above the national average at an index of 115.3. A single adult needs to earn approximately $40,673 per year to cover basic expenses.