Shorewood, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Shorewood, IL Summary

Cost of living in Shorewood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Shorewood is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Shorewood is 112, with 100 being the average.

  • The cost of living index in Shorewood is 1.1x higher than the national average.

  • Shorewood ranks as the #255 cheapest in Illinois out of 338.

  • Shorewood ranks as the #4,296 cheapest out of 6,412 in the US.

  • The median home value in Shorewood is $273,100.

  • The median income in Shorewood is $111,560.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
112
Shorewood's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Shorewood, IL?

According to the most recent data on the cost of living, Shorewood has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.

Compared to Illinois, Shorewood has a cost of living index that's 1.2x higher than Illinois's index of 92.

The standard of living in Shorewood ranks as #255 most affordable out of the 338 places we measured in Illinois. By definition, that implies Shorewood ranks as the #83 most expensive place in the Prairie State.

For more reading on life in Shorewood, check out:

255 out of 338
In Illinois
4,296 out of 6,412
In America

Shorewood Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Shorewood. Here is how it fairs on each of the criteria:

  • The Services index in Shorewood is 98.

  • The Groceries index in Shorewood is 95.

  • The Health index in Shorewood is 108.

  • The Housing index in Shorewood is 137.

  • The Transportation index in Shorewood is 108.

  • The Utilities index in Shorewood is 89.

Living Expense Shorewood Illinois National Average
Overall 112 92 100
Services 98 95 100
Groceries 95 98 100
Health 108 96 100
Housing 137 81 100
Transportation 108 105 100
Utilities 89 90 100
For more reading on cost of living around Illinois, check out:
Shorewood Cost of Living Vs. IL

Shorewood, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Shorewood is $273,100.

  • The Median Rent in Shorewood is $1,638.

  • The Median Income in Shorewood is $111,560.

  • The Home Value To Income in Shorewood is 2.4x.

  • The Rent To Monthly Income in Shorewood is 0.18x.

Statistic Shorewood Illinois United States
Median Home Value $273,100 $212,600 $244,900
Median Rent $1,638 $1,097 $1,163
Median Income $111,560 $72,563 $69,021
Home Value To Income 2.4x 2.9x 3.5x
Rent To Monthly Income 0.18x 0.18x 0.2x
Search Homes For Sale In Shorewood, IL
$273,100
Median Home Value
$1,638
Median Rent
$111,560
Median Income

Shorewood, IL Costs By Category

Detailed Shorewood Services Costs Vs. Illinois

Item Shorewood Illinois
Shampoo $1.08 $1.06
Movie $10.54 $10.68
Bowling $15.5 $14.67
Haircut $20.12 $18.62
Beauty Salon $37.89 $39.05

Detailed Shorewood Groceries Costs Vs. Illinois

Item Shorewood Illinois
Ground Beef $4.97 $4.22
Fried Chicken $1.29 $1.39
Milk $1.69 $2.05
Potatoes $3.81 $3.29
Pizza $10.98 $10.62
Beer $8.53 $9.38
Toothpaste $2.73 $2.34

Detailed Shorewood Health Costs Vs. Illinois

Item Shorewood Illinois
Optometrist $107.11 $108.57
Doctor $157.4 $116.17
Dentist $103.57 $99.13

Detailed Shorewood Transportation Costs Vs. Illinois

Item Shorewood Illinois
Gasoline $2.4 $2.22
Tire Balancing $56.78 $50.07

Detailed Shorewood Utilities Costs Vs. Illinois

Item Shorewood Illinois
All Electricity $130.12 $167.67
Phone $191.29 $175.64

Shorewood SnackAbility

9
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
8
Diversity
8
Safety
9
Amenities
8.5
Education
8.5
Commute
5

Cost Of Living In Cities Around Shorewood

The cost of living varies in the cities and towns around Shorewood. Here's a quick look at the cost of living in the most populous nearby places:

  • Joliet, IL has a cost of living index of 96, 0.9x Shorewood.

  • Naperville, IL has a cost of living index of 125, 1.1x Shorewood.

  • Orland Park, IL has a cost of living index of 112, 1.0x Shorewood.

City Population Cost Of Living Vs. Shorewood
Joliet, IL 150,323 96 0.9x
Naperville, IL 149,013 125 1.1x
Orland Park, IL 58,622 112 1.0x
Plainfield, IL 44,296 115 1.0x
Oswego, IL 34,324 109 1.0x
Woodridge, IL 34,161 110 1.0x
Darien, IL 22,087 111 1.0x
Crest Hill, IL 20,305 94 0.8x
Mokena, IL 19,897 110 1.0x
Lemont, IL 17,535 118 1.1x

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