Shorewood Forest, IN is a great place to live for those looking for an affordable lifestyle. With 2 bedroom rent averaging at $1,080 compared to the US average of $1,430, you can save money while still enjoying a high quality of life. The Grocery Cost Index in Shorewood Forest is 97 compared to 100 from across the country, further demonstrating that this region provides a good value when it comes to day-to-day expenses. Local companies such as Shorewood Construction Co., Marina Drive Enterprises, and Forsythe Auto Group are based in Shorewood Forest and contribute to the economic growth of the community. Overall, Shorewood Forest offers a low cost of living combined with plenty of employment opportunities, making it an attractive option for young families and professionals alike.
Shorewood Forest has an unemployment rate of 5.3%. The US average is 6.0%.
Shorewood Forest has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Shorewood Forest
- The Sales Tax Rate for Shorewood Forest is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shorewood Forest is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shorewood Forest
- The average income of a Shorewood Forest resident is $53,181 a year. The US average is $28,555 a year.
- The Median household income of a Shorewood Forest resident is $158,214 a year. The US average is $69,021 a year.