Housing costs in Shorewood?
A typical home costs
$319,400, which is 5.5% less expensive than the national average of
$338,100 and 32.1% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Shorewood costs
$1,810 per month, which is 26.6% more than the national average of
$1,430 and 30.4% more than the state average of
$1,260.
Can I afford Shorewood?
To live comfortably in Shorewood (zip 60404), Illinois, a minimum annual income of
$61,200 for a family, and
$63,200 for a single person is recommended.
What does A.I. say about Shorewood?
The cost of living in 60404 Shorewood, IL is significantly higher than the national average. The median home value in this area is $621,600, which is over 2.5 times the national median home value of $231,200. The median rent price is $1,522 per month and utilities tend to be higher than the national averages. Furthermore, groceries are 16% higher than the US average while goods and services are 11% higher. Despite these high costs, 60404 Shorewood remains a desirable area due to its excellent school districts and close proximity to downtown Chicago.