Shorewood, IL (60404) is a vibrant suburb located in Will Country near Chicago. The average two bedroom rent in Shorewood is $1,810 while it is $1,430 in the US. This makes living in Shorewood slightly more expensive than the national average. Grocery Cost Index for Shorewood is 98 versus 100 in the US meaning its grocery cost are also slightly higher than the national level. Shorewood features many local businesses such as White Oak Brewing Company, the popular Mexican restaurant La Cocina De Miguel and Petes Autobody & Repair Shop. Prices for services such as auto repair might be slightly higher than elsewhere in Illinois but still remain competitive with national averages.
Shorewood (zip 60404) has an unemployment rate of 7.1%. The US average is 6.0%.
Shorewood (zip 60404) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Shorewood (zip 60404)
- The Sales Tax Rate for Shorewood (zip 60404) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Shorewood (zip 60404) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shorewood (zip 60404)
- The average income of a Shorewood (zip 60404) resident is $32,964 a year. The US average is $28,555 a year.
- The Median household income of a Shorewood (zip 60404) resident is $110,349 a year. The US average is $69,021 a year.