Cost of Living in Shorewood, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
240.4
100 = national avg
+140.4 vs national average
Living Wage (1 Adult)
$105,764
per year
Living Wage (Family of 4)
$249,987
per year
Cost Index by Category
Housing282.8
Food181.7
Transportation263.4
Healthcare165.4
Utilities185.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Shorewood is 240.4, which is 140.4% above the national average. Housing costs are above the national average at an index of 282.8. A single adult needs to earn approximately $105,764 per year to cover basic expenses.