What is the cost of living in Shorewood, MN?
According to the most recent data on the cost of living, Shorewood has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to Minnesota, Shorewood has a cost of living index that's 1.5x higher than Minnesota's index of 101.
The standard of living in Shorewood ranks as #149 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Shorewood ranks as the #2 most expensive place in the North Star State.
For more reading on life in Shorewood, check out:
Shorewood Cost Of Living Vs. Minnesota
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 102.
The Groceries index in Shorewood is 97.
The Health index in Shorewood is 253.
The Housing index in Shorewood is 101.
The Transportation index in Shorewood is 108.
The Utilities index in Shorewood is 94.
| Living Expense | Shorewood | Minnesota | National Average |
|---|---|---|---|
| Overall | 148 | 101 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 97 | 99 | 100 |
| Health | 253 | 99 | 100 |
| Housing | 101 | 101 | 100 |
| Transportation | 108 | 103 | 100 |
| Utilities | 94 | 101 | 100 |
Shorewood Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Shorewood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Shorewood, 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 2020-2024. The key points are:
The Median Home Value in Shorewood is $804,464.
The Median Rent in Shorewood is $1,607.
The Median Income in Shorewood is $171,063.
The Home Value To Income in Shorewood is 4.7x.
The Rent To Monthly Income in Shorewood is 0.11x.
Shorewood, MN Costs By Category
Detailed Shorewood Services costs vs. Minnesota
Detailed Shorewood Groceries costs vs. Minnesota
Detailed Shorewood Health costs vs. Minnesota
Detailed Shorewood Transportation costs vs. Minnesota
Shorewood SnackAbility
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:
Plymouth, MN has a cost of living index of 124, 0.8x Shorewood.
Maple Grove, MN has a cost of living index of 117, 0.8x Shorewood.
Eden Prairie, MN has a cost of living index of 128, 0.9x Shorewood.
| City | Population | Cost Of Living | Vs. Shorewood |
|---|---|---|---|
| Plymouth, MN | 79,220 | 124 | 0.8x |
| Maple Grove, MN | 71,173 | 117 | 0.8x |
| Eden Prairie, MN | 63,051 | 128 | 0.9x |
| Edina, MN | 53,262 | 141 | 1.0x |
| Minnetonka, MN | 53,064 | 127 | 0.9x |
| Champlin, MN | 23,294 | 111 | 0.8x |
| Golden Valley, MN | 21,725 | 122 | 0.8x |
| Rogers, MN | 13,685 | 124 | 0.8x |
| Victoria, MN | 11,295 | 133 | 0.9x |
| Minnetrista, MN | 8,708 | 147 | 1.0x |
