Shorewood, WI is a beautiful city located near Lake Michigan and offers its residents many great amenities. It has a low crime rate as well as an excellent school system. One of the main attractions in Shorewood are its shops, restaurants, and other local businesses. Furthermore, those looking to rent an apartment will be pleased to know that the average 2 bedroom rent in Shorewood is $1,350 which is slightly less than the US average of $1,430. Shopping here is also more affordable than other cities due to Shorewood's Grocery Cost Index which stands at 102 compared to the US standard of 100. Notable local companies include Hooligans Bar & Grill which serves delicious pub fare, Best Buy for electronics and appliances shopping needs, and Theatrical Outfitters for all your theatrical costume needs.
Shorewood has an unemployment rate of 6.3%. The US average is 6.0%.
Shorewood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Shorewood
- The Sales Tax Rate for Shorewood is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Shorewood is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shorewood
- The average income of a Shorewood resident is $43,101 a year. The US average is $28,555 a year.
- The Median household income of a Shorewood resident is $81,016 a year. The US average is $69,021 a year.