Shorewood, WI Cost Of Living

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

Cost Of Living In Shorewood, WI 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 Wisconsin, 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 111, with 100 being the average.

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

  • Shorewood ranks as the #131 cheapest in Wisconsin out of 143.

  • Shorewood ranks as the #4,219 cheapest out of 6,412 in the US.

  • The median home value in Shorewood is $357,000.

  • The median income in Shorewood is $81,016.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
111
Shorewood's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Shorewood, WI?

According to the most recent data on the cost of living, Shorewood has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.

Compared to Wisconsin, Shorewood has a cost of living index that's 1.2x higher than Wisconsin's index of 95.

The standard of living in Shorewood ranks as #131 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Shorewood ranks as the #12 most expensive place in the Badger State.

For more reading on life in Shorewood, check out:

131 out of 143
In Wisconsin
4,219 out of 6,412
In America

Shorewood Cost Of Living Vs. Wisconsin

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 93.

  • The Groceries index in Shorewood is 97.

  • The Health index in Shorewood is 111.

  • The Housing index in Shorewood is 144.

  • The Transportation index in Shorewood is 92.

  • The Utilities index in Shorewood is 96.

Living Expense Shorewood Wisconsin National Average
Overall 111 95 100
Services 93 97 100
Groceries 97 98 100
Health 111 114 100
Housing 144 84 100
Transportation 92 96 100
Utilities 96 103 100
For more reading on cost of living around Wisconsin, check out:
Shorewood Cost of Living Vs. WI

Shorewood, WI Housing Cost Breakdown

Housing swings affordability the most between places in Wisconsin, 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 $357,000.

  • The Median Rent in Shorewood is $1,054.

  • The Median Income in Shorewood is $81,016.

  • The Home Value To Income in Shorewood is 4.4x.

  • The Rent To Monthly Income in Shorewood is 0.16x.

Statistic Shorewood Wisconsin United States
Median Home Value $357,000 $200,400 $244,900
Median Rent $1,054 $916 $1,163
Median Income $81,016 $67,080 $69,021
Home Value To Income 4.4x 3.0x 3.5x
Rent To Monthly Income 0.16x 0.16x 0.2x
Search Homes For Sale In Shorewood, WI
$357,000
Median Home Value
$1,054
Median Rent
$81,016
Median Income

Shorewood, WI Costs By Category

Detailed Shorewood Services Costs Vs. Wisconsin

Item Shorewood Wisconsin
Shampoo $1.09 $1.06
Movie $11.14 $10.68
Bowling $16.27 $14.67
Haircut $22.22 $18.62
Beauty Salon $41.93 $39.05

Detailed Shorewood Groceries Costs Vs. Wisconsin

Item Shorewood Wisconsin
Ground Beef $4.05 $4.22
Fried Chicken $1.22 $1.39
Milk $1.98 $2.05
Potatoes $2.49 $3.29
Pizza $10.35 $10.62
Beer $7.84 $9.38
Toothpaste $2.24 $2.34

Detailed Shorewood Health Costs Vs. Wisconsin

Item Shorewood Wisconsin
Optometrist $60.0 $108.57
Doctor $175.4 $116.17
Dentist $101.1 $99.13

Detailed Shorewood Transportation Costs Vs. Wisconsin

Item Shorewood Wisconsin
Gasoline $2.01 $2.22
Tire Balancing $47.04 $50.07

Detailed Shorewood Utilities Costs Vs. Wisconsin

Item Shorewood Wisconsin
All Electricity $159.26 $167.67
Phone $178.69 $175.64

Shorewood SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
7
Diversity
7
Safety
7
Amenities
9
Education
10
Commute
8

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:

  • Milwaukee, WI has a cost of living index of 89, 0.8x Shorewood.

  • Wauwatosa, WI has a cost of living index of 102, 0.9x Shorewood.

  • Brookfield, WI has a cost of living index of 112, 1.0x Shorewood.

City Population Cost Of Living Vs. Shorewood
Milwaukee, WI 578,198 89 0.8x
Wauwatosa, WI 48,072 102 0.9x
Brookfield, WI 41,020 112 1.0x
New Berlin, WI 40,289 103 0.9x
Menomonee Falls, WI 38,219 103 0.9x
Muskego, WI 24,991 108 1.0x
Mequon, WI 24,814 119 1.1x
Whitefish Bay, WI 14,818 120 1.1x
Glendale, WI 13,313 101 0.9x
Brown Deer, WI 12,562 93 0.8x

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