Housing costs in Shipman?
A typical home costs
$254,200, which is 24.8% less expensive than the national average of
$338,100 and 25.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Shipman costs
$1,120 per month, which is 20.0% cheaper than the national average of
$1,400 and 25.0% cheaper than the state average of
$1,400.
Can I afford Shipman?
To live comfortably in Shipman (zip 22971), Virginia, a minimum annual income of
$48,600 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Shipman?
The cost of living in 22971 Shipman, VA is quite reasonable. The median home value in the area is $172,700, which is lower than the national average of $184,700. Additionally, housing costs make up only 33.2 percent of the local median household income meaning that residents have a bit more disposable income to spend on other items such as food and entertainment. Living expenses are also low with the average price for a gallon of gasoline being around $2.40 and utilities costing about 13 percent less than the national average. All things considered, it's easy to see why 22971 Shipman, VA is a great place to live!