Shorewood, IL Cost Of Living

The latest cost of living statistics for Shorewood. Includes statistics on rent, mortgages, healthcare, and other costs for Shorewood compared to the state and national averages.

Cost of living in Shorewood, Illinois

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:

120 Cost of living index 1.2x higher vs US
#280 Cheapest in Illinois (of 336)
#4,344 Cheapest in the U.S. (of 6,489)
$403,277 Median home value
$1,479 Median rent
$122,105 Median income
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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 120, which is 1.2x 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 98.

The standard of living in Shorewood ranks as #280 most affordable out of the 336 places we measured in Illinois. By definition, that implies Shorewood ranks as the #56 most expensive place in the Prairie State.

For more reading on life in Shorewood, check out:

Shorewood Cost Of Living Vs. Illinois

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

  • The Services index in Shorewood is 97.

  • The Groceries index in Shorewood is 96.

  • The Health index in Shorewood is 162.

  • The Housing index in Shorewood is 101.

  • The Transportation index in Shorewood is 99.

  • The Utilities index in Shorewood is 101.

Living Expense Shorewood Illinois National Average
Overall 120 98 100
Services 97 99 100
Groceries 96 99 100
Health 162 96 100
Housing 101 101 100
Transportation 99 99 100
Utilities 101 101 100

Shorewood Cost Of Living Compared To Illinois Averages

Services
Shorewood 97
Illinois avg 99
Groceries
Shorewood 96
Illinois avg 99
Health
Shorewood 162
Illinois avg 96
Housing
Shorewood 101
Illinois avg 101
Transportation
Shorewood 99
Illinois avg 99
Utilities
Shorewood 101
Illinois avg 101

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Illinois, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Shorewood, IL Housing Cost Breakdown

$403,277Median Home Value
$1,479Median Rent
$122,105Median Income

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 2020-2024. The key points are:

  • The Median Home Value in Shorewood is $403,277.

  • The Median Rent in Shorewood is $1,479.

  • The Median Income in Shorewood is $122,105.

  • The Home Value To Income in Shorewood is 3.3x.

  • The Rent To Monthly Income in Shorewood is 0.15x.

Statistic Shorewood Illinois United States
Median Home Value $403,277 $285,735 $332,700
Median Rent $1,479 $1,274 $1,413
Median Income $122,105 $83,390 $80,734
Home Value To Income 3.3x 3.4x 4.1x
Rent To Monthly Income 0.15x 0.18x 0.21x

Shorewood, IL Costs By Category

Detailed Shorewood Services costs vs. Illinois
Item Shorewood Illinois
Shampoo $1.32 $1.28
Movie $9.99 $12.13
Bowling $16.0 $18
Haircut $19.72 $24.26
Beauty Salon $37.22 $45.56
Detailed Shorewood Groceries costs vs. Illinois
Item Shorewood Illinois
Ground Beef $5.94 $5.84
Fried Chicken $1.39 $1.57
Milk $4.55 $4.67
Potatoes $5.08 $4.93
Pizza $10.69 $12.09
Beer $9.61 $10.41
Toothpaste $3.72 $3.7
Detailed Shorewood Health costs vs. Illinois
Item Shorewood Illinois
Optometrist $86.67 $125.68
Doctor $110.0 $135.78
Dentist $82.0 $113.29
Detailed Shorewood Transportation costs vs. Illinois
Item Shorewood Illinois
Gasoline $3.52 $3.46
Tire Balancing $45.0 $59.92
Detailed Shorewood Utilities costs vs. Illinois
Item Shorewood Illinois
All Electricity $156.87 $193.99
Phone $198.03 $192.25

Shorewood SnackAbility

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

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:

  • Naperville, IL has a cost of living index of 133, 1.1x Shorewood.

  • Joliet, IL has a cost of living index of 101, 0.8x Shorewood.

  • Orland Park, IL has a cost of living index of 114, 0.9x Shorewood.

City Population Cost Of Living Vs. Shorewood
Naperville, IL 150,692 133 1.1x
Joliet, IL 150,445 101 0.8x
Orland Park, IL 57,916 114 0.9x
Plainfield, IL 46,708 126 1.1x
Oswego, IL 36,375 112 0.9x
Woodridge, IL 33,941 116 1.0x
Darien, IL 21,879 120 1.0x
Crest Hill, IL 20,628 102 0.8x
Mokena, IL 20,021 117 1.0x
Lemont, IL 17,820 123 1.0x