Shoreview, MN Cost Of Living
Cost Of Living In Shoreview, MN Summary
Cost of living in Shoreview 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 Shoreview is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, 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 Shoreview is 110, with 100 being the average.
The cost of living index in Shoreview is 1.1x higher than the national average.
Shoreview ranks as the #103 cheapest in Minnesota out of 147.
Shoreview ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Shoreview is $314,000.
The median income in Shoreview is $101,733.
Table Of Contents
Shoreview's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Shoreview, MN?
According to the most recent data on the cost of living, Shoreview has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Shoreview has a cost of living index that's 1.2x higher than Minnesota's index of 95.
The standard of living in Shoreview ranks as #103 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Shoreview ranks as the #44 most expensive place in the North Star State.
For more reading on life in Shoreview, check out:
- Living In Shoreview
- Search Homes For Sale In Shoreview, MN
In Minnesota
In America
Shoreview Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Shoreview. Here is how it fairs on each of the criteria:
The Services index in Shoreview is 114.
The Groceries index in Shoreview is 102.
The Health index in Shoreview is 105.
The Housing index in Shoreview is 127.
The Transportation index in Shoreview is 102.
The Utilities index in Shoreview is 98.
| Living Expense | Shoreview | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 110 | 95 | 100 | |
| Services | 114 | 101 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 105 | 111 | 100 | |
| Housing | 127 | 83 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Shoreview, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, 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 Shoreview is $314,000.
The Median Rent in Shoreview is $1,261.
The Median Income in Shoreview is $101,733.
The Home Value To Income in Shoreview is 3.1x.
The Rent To Monthly Income in Shoreview is 0.15x.
| Statistic | Shoreview | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $314,000 | $250,200 | $244,900 |
| Median Rent | $1,261 | $1,081 | $1,163 |
| Median Income | $101,733 | $77,706 | $69,021 |
| Home Value To Income | 3.1x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Shoreview, MN Costs By Category
Detailed Shoreview Services Costs Vs. Minnesota
Detailed Shoreview Groceries Costs Vs. Minnesota
Detailed Shoreview Health Costs Vs. Minnesota
Detailed Shoreview Transportation Costs Vs. Minnesota
Detailed Shoreview Utilities Costs Vs. Minnesota
Shoreview SnackAbility
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Cost Of Living In Cities Around Shoreview
The cost of living varies in the cities and towns around Shoreview. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.1x Shoreview.
Woodbury, MN has a cost of living index of 122, 1.1x Shoreview.
Maple Grove, MN has a cost of living index of 117, 1.1x Shoreview.
| City | Population | Cost Of Living | Vs. Shoreview |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.1x |
| Woodbury, MN | 74,014 | 122 | 1.1x |
| Maple Grove, MN | 69,900 | 117 | 1.1x |
| Eagan, MN | 68,205 | 112 | 1.0x |
| Minnetonka, MN | 53,809 | 121 | 1.1x |
| Edina, MN | 53,059 | 135 | 1.2x |
| Roseville, MN | 36,119 | 107 | 1.0x |
| Champlin, MN | 23,877 | 110 | 1.0x |
| New Brighton, MN | 23,293 | 110 | 1.0x |
| Golden Valley, MN | 22,247 | 116 | 1.1x |
