Housing costs in Shorewood?
A typical home costs
$340,200, which is 0.6% more expensive than the national average of
$338,100 and 40.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Shorewood costs
$1,790 per month, which is 25.2% more than the national average of
$1,430 and 29.6% more than the state average of
$1,260.
Can I afford Shorewood?
To live comfortably in Shorewood, Illinois, a minimum annual income of
$65,160 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Shorewood?
Shorewood, IL has a relatively high cost of living. Goods and services are generally more expensive than other nearby cities, primarily due to the higher average salaries in the area. That being said, however, Shorewood remains an attractive destination for many because of its excellent schools and family-friendly amenities. Property taxes are also relatively low in Shorewood, making it a great place to live with an affordable cost of living.