Shorewood, IL Cost Of Living
Cost Of Living In Shorewood, IL Summary
Cost of living in Shorewood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Shorewood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Shorewood is 112, with 100 being the average.
The cost of living index in Shorewood is 1.1x higher than the national average.
Shorewood ranks as the #255 cheapest in Illinois out of 338.
Shorewood ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Shorewood is $273,100.
The median income in Shorewood is $111,560.
Table Of Contents
Shorewood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Shorewood, IL?
According to the most recent data on the cost of living, Shorewood has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Illinois, Shorewood has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Shorewood ranks as #255 most affordable out of the 338 places we measured in Illinois. By definition, that implies Shorewood ranks as the #83 most expensive place in the Prairie State.
For more reading on life in Shorewood, check out:
- Living In Shorewood
- Shorewood Crime Report
- Search Homes For Sale In Shorewood, IL
In Illinois
In America
Shorewood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Shorewood. Here is how it fairs on each of the criteria:
The Services index in Shorewood is 98.
The Groceries index in Shorewood is 95.
The Health index in Shorewood is 108.
The Housing index in Shorewood is 137.
The Transportation index in Shorewood is 108.
The Utilities index in Shorewood is 89.
| Living Expense | Shorewood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 112 | 92 | 100 | |
| Services | 98 | 95 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 108 | 96 | 100 | |
| Housing | 137 | 81 | 100 | |
| Transportation | 108 | 105 | 100 | |
| Utilities | 89 | 90 | 100 | |
Shorewood, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Shorewood is $273,100.
The Median Rent in Shorewood is $1,638.
The Median Income in Shorewood is $111,560.
The Home Value To Income in Shorewood is 2.4x.
The Rent To Monthly Income in Shorewood is 0.18x.
| Statistic | Shorewood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $273,100 | $212,600 | $244,900 |
| Median Rent | $1,638 | $1,097 | $1,163 |
| Median Income | $111,560 | $72,563 | $69,021 |
| Home Value To Income | 2.4x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Shorewood, IL Costs By Category
Detailed Shorewood Services Costs Vs. Illinois
Detailed Shorewood Groceries Costs Vs. Illinois
Detailed Shorewood Health Costs Vs. Illinois
Detailed Shorewood Transportation Costs Vs. Illinois
Detailed Shorewood Utilities Costs Vs. Illinois
Shorewood SnackAbility
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Cost Of Living In Cities Around Shorewood
The cost of living varies in the cities and towns around Shorewood. Here's a quick look at the cost of living in the most populous nearby places:
Joliet, IL has a cost of living index of 96, 0.9x Shorewood.
Naperville, IL has a cost of living index of 125, 1.1x Shorewood.
Orland Park, IL has a cost of living index of 112, 1.0x Shorewood.
| City | Population | Cost Of Living | Vs. Shorewood |
|---|---|---|---|
| Joliet, IL | 150,323 | 96 | 0.9x |
| Naperville, IL | 149,013 | 125 | 1.1x |
| Orland Park, IL | 58,622 | 112 | 1.0x |
| Plainfield, IL | 44,296 | 115 | 1.0x |
| Oswego, IL | 34,324 | 109 | 1.0x |
| Woodridge, IL | 34,161 | 110 | 1.0x |
| Darien, IL | 22,087 | 111 | 1.0x |
| Crest Hill, IL | 20,305 | 94 | 0.8x |
| Mokena, IL | 19,897 | 110 | 1.0x |
| Lemont, IL | 17,535 | 118 | 1.1x |
