Cost of Living in Shorewood, IL
Population 18,218 · Illinois · Data vintage 2023
(100 = US avg)
Shorewood sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Geographically, Shorewood is part of the immediate Joliet metro area. Median home values run roughly 31% higher than Joliet's $249,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Shorewood
The median home value in Shorewood is $324,600 — 6% above the national median of $305,000. Median rent runs $2,087/month, 59% higher than the national median of $1,314/month. The median household income of $122,648/year is 64% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Shorewood has a cost of living index of 127 versus the US average of 100, meaning it is 27% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Shorewood, IL?
Shorewood has a cost index of 127 (100 = national average). It is 27% above the national average.
What is average rent in Shorewood, IL?
The median gross rent in Shorewood is $2,087 per month based on 2023 Census data.
What is the average home price in Shorewood?
The median home value in Shorewood is $324,600 according to Zillow and Census data.
What is the median income in Shorewood?
The median household income in Shorewood is $122,648 per year (2023 ACS 5-year estimates).
What is the sales tax in Shorewood, IL?
The combined state and local sales tax rate in Shorewood is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Shorewood, IL affordable?
Shorewood is above average in cost of living, with an index of 127 — about 27% higher than the national average.
Shorewood at a Glance
- Population
- 18,218
- Median Income
- $122,648
- Home Value
- $324,600
- Median Rent
- $2,087/mo
- Unemployment
- 5.0%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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