Cost of Living in Shorewood, WI

With a cost of living index of 107, Shorewood, WI is somewhat more expensive than average. Living here is 7% more expensive than the national average and 28% above the Wisconsin state average of 79. Shorewood is a smaller community of 13,682 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Shorewood's cost of living. The median monthly rent is $1,291 (2% below the US median of $1,319), and the median home value sits at $423,600 (39% above the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Shorewood is $89,135, which is 19% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Milwaukee-Waukesha, WI (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.