salaryRent is lower than in 51% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 34.7 minutes each way. Most homes (96.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $65,440 a year. That is $31 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 195 of 334 cities from cheapest to most expensive.
How much do households earn in Shorewood?
Share of households by yearly income. 49.4% of households earn $100,000 or more.
Rent by apartment size in Shorewood
| Size | Shorewood | U.S. average |
|---|---|---|
| 1 bedroom | $1,152 | $1,324 |
| 2 bedrooms | $2,272 | $1,509 |
| 3 bedrooms | $2,347 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Shorewood overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Shorewood, so the Illinois figure is shown.
Taxes and bills in Shorewood
Life in Shorewood
Is it cheaper to rent or buy in Shorewood?
Renting is cheaper right now: about $708 a month less.
Owning assumes a typical $337,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,780 for the down payment.
Frequently asked questions
What is the average rent in Shorewood, IL?
Renting in Shorewood costs a median of about $1,636 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Shorewood?
To keep rent under 30% of income, you need about $65,440 a year, or $31 an hour at a full-time job.
Is Shorewood cheap or expensive?
Shorewood is rated Cheap: rent takes 14.9% of the typical household income of $131,690. It ranks 195th cheapest of 334 Illinois cities we track.
How much are property taxes in Shorewood?
The median homeowner in Shorewood pays $7,463 a year in property taxes, about 2.21% of the median home value.
Is Shorewood more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Shorewood?
The median home value in Shorewood is $337,800, about 2.6 times the typical yearly household income.
18,343 people live in Shorewood. Numbers are typical (middle) values.