Housing costs in Shorewood?
A typical home costs
$645,400, which is 90.9% more expensive than the national average of
$338,100 and 108.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shorewood costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$1,240.
Can I afford Shorewood?
To live comfortably in Shorewood, Minnesota, a minimum annual income of
$123,840 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Shorewood?
The cost of living in Shorewood, MN is slightly higher than the national average. The median home price in the city is around $200,000, and rental prices are also above average. While utility costs and transportation expenses stay relatively low for most residents, the cost of groceries can sometimes be a bit more expensive. All in all, Shorewood is a great place to live with a slightly elevated cost of living that doesn’t put too much strain on most people's wallets.