salaryRent is higher than in 84% of U.S. cities. A typical house costs about 3.3 years of household income. Most homes (80.2%) are owned, so rentals can be hard to find. It is a highly educated city: 61.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $97,600 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
No. Rent here is more expensive than in most of Minnesota. It is number 142 of 150 cities from cheapest to most expensive.
How much do households earn in Shoreview?
Share of households by yearly income. 42.2% of households earn $100,000 or more.
Rent by apartment size in Shoreview
| Size | Shoreview | U.S. average |
|---|---|---|
| Studio | $1,785 | $1,338 |
| 1 bedroom | $1,566 | $1,324 |
| 2 bedrooms | $1,928 | $1,509 |
| 3 bedrooms | $2,493 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Shoreview overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Shoreview, so the Minnesota figure is shown.
Taxes and bills in Shoreview
Life in Shoreview
Is it cheaper to rent or buy in Shoreview?
Renting is cheaper right now: about $222 a month less.
Owning assumes a typical $383,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,370 for the down payment.
Frequently asked questions
What is the average rent in Shoreview, MN?
Renting in Shoreview costs a median of about $2,440 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Shoreview?
To keep rent under 30% of income, you need about $97,600 a year, or $47 an hour at a full-time job.
Is Shoreview cheap or expensive?
Shoreview is rated OK: rent takes 25.1% of the typical household income of $116,877. It ranks 142nd cheapest of 150 Minnesota cities we track.
How much are property taxes in Shoreview?
The median homeowner in Shoreview pays $4,717 a year in property taxes, about 1.23% of the median home value.
Is Shoreview more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Shoreview?
The median home value in Shoreview is $383,700, about 3.3 times the typical yearly household income.
26,714 people live in Shoreview. Numbers are typical (middle) values.