Shorewood, WI Cost Of Living
Cost Of Living In Shorewood, WI 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 Wisconsin, 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 111, with 100 being the average.
The cost of living index in Shorewood is 1.1x higher than the national average.
Shorewood ranks as the #131 cheapest in Wisconsin out of 143.
Shorewood ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Shorewood is $357,000.
The median income in Shorewood is $81,016.
Table Of Contents
Shorewood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Shorewood, WI?
According to the most recent data on the cost of living, Shorewood has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Wisconsin, Shorewood has a cost of living index that's 1.2x higher than Wisconsin's index of 95.
The standard of living in Shorewood ranks as #131 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Shorewood ranks as the #12 most expensive place in the Badger State.
For more reading on life in Shorewood, check out:
- Living In Shorewood
- Shorewood Crime Report
- Search Homes For Sale In Shorewood, WI
In Wisconsin
In America
Shorewood Cost Of Living Vs. Wisconsin
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 93.
The Groceries index in Shorewood is 97.
The Health index in Shorewood is 111.
The Housing index in Shorewood is 144.
The Transportation index in Shorewood is 92.
The Utilities index in Shorewood is 96.
| Living Expense | Shorewood | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 111 | 95 | 100 | |
| Services | 93 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 111 | 114 | 100 | |
| Housing | 144 | 84 | 100 | |
| Transportation | 92 | 96 | 100 | |
| Utilities | 96 | 103 | 100 | |
Shorewood, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, 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 $357,000.
The Median Rent in Shorewood is $1,054.
The Median Income in Shorewood is $81,016.
The Home Value To Income in Shorewood is 4.4x.
The Rent To Monthly Income in Shorewood is 0.16x.
| Statistic | Shorewood | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $357,000 | $200,400 | $244,900 |
| Median Rent | $1,054 | $916 | $1,163 |
| Median Income | $81,016 | $67,080 | $69,021 |
| Home Value To Income | 4.4x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Shorewood, WI Costs By Category
Detailed Shorewood Services Costs Vs. Wisconsin
Detailed Shorewood Groceries Costs Vs. Wisconsin
Detailed Shorewood Health Costs Vs. Wisconsin
Detailed Shorewood Transportation Costs Vs. Wisconsin
Detailed Shorewood Utilities Costs Vs. Wisconsin
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:
Milwaukee, WI has a cost of living index of 89, 0.8x Shorewood.
Wauwatosa, WI has a cost of living index of 102, 0.9x Shorewood.
Brookfield, WI has a cost of living index of 112, 1.0x Shorewood.
| City | Population | Cost Of Living | Vs. Shorewood |
|---|---|---|---|
| Milwaukee, WI | 578,198 | 89 | 0.8x |
| Wauwatosa, WI | 48,072 | 102 | 0.9x |
| Brookfield, WI | 41,020 | 112 | 1.0x |
| New Berlin, WI | 40,289 | 103 | 0.9x |
| Menomonee Falls, WI | 38,219 | 103 | 0.9x |
| Muskego, WI | 24,991 | 108 | 1.0x |
| Mequon, WI | 24,814 | 119 | 1.1x |
| Whitefish Bay, WI | 14,818 | 120 | 1.1x |
| Glendale, WI | 13,313 | 101 | 0.9x |
| Brown Deer, WI | 12,562 | 93 | 0.8x |
