The city of Shorewood, MN, with a population of 55331, has an affordable housing market compared to the US average. The average rent for a 2-bedroom apartment is $1,330, which is about $100 cheaper than the national average. Similarly, the Grocery Cost Index in Shorewood is 109 versus 100 in the US.
Shorewood boasts a unique culture and plenty of local attractions. Some popular places to visit include the Long Lake Regional Park where visitors can explore nature trails and take in stunning views of Long Lake or play disc golf. For those looking for something more leisurely, there are plenty of restaurants and cafes downtown including Dew Drop Inn Grill & Bar or Elsie’s Restaurant offering delicious food at reasonable prices. For those interested in shopping local businesses abound such as Big River Antiques and Mille Lacs Trading Post where visitors can find everything from antiques to collectibles to locally-made products. Finally, music lovers should not miss out on visiting The Current music venue located downtown that offers live concerts from some of the best local bands.
Shorewood (zip 55331) has an unemployment rate of 4.2%. The US average is 6.0%.
Shorewood (zip 55331) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Shorewood (zip 55331)
- The Sales Tax Rate for Shorewood (zip 55331) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Shorewood (zip 55331) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shorewood (zip 55331)
- The average income of a Shorewood (zip 55331) resident is $62,856 a year. The US average is $28,555 a year.
- The Median household income of a Shorewood (zip 55331) resident is $144,697 a year. The US average is $69,021 a year.