Housing costs in Shorewood?
A typical home costs
$744,200, which is 120.1% more expensive than the national average of
$338,100 and 140.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Shorewood costs
$1,330 per month, which is 7.3% more than the national average of
$1,240 and 5.3% cheaper than the state average of
$1,400.
Can I afford Shorewood?
To live comfortably in Shorewood (zip 55331), Minnesota, a minimum annual income of
$142,560 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Shorewood?
55331 Shorewood, MN has a relatively high cost of living compared to the national average. According to data from BestPlaces, the median cost of rent in this area is around $1,400 per month for an unfurnished one bedroom apartment. In addition, groceries are more expensive than the national average and local transportation costs can also be quite high. Residents must budget their income carefully to afford all the necessary expenses in this area.