Shiprock is a city in New Mexico state in USA with a population of 8588 residents.. The poverty rate of Shiprock is 26.3%, which is 88% higher than national average. The typical household in Shiprock earns $36747 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 58.2% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Shiprock are struggling financially. Nearly one in every 1 in every 6 workers in Shiprock is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Shiprock, only 84% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Shiprock remained 17.8%, which is 279% higher than national rate. Nearly 4 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Shiprock, only 13% of adults have a bachelor's degree and 45% have some college but no degree.

Cost of living in Shiprock is 76, which is 24% lower than national average. Median home value in Shiprock is $78700 , which is 66% lower than national average. While median income in Shiprock remained $36747, which is 46% lower than national average.