Shorewood, IL, has a higher cost of living compared to the nationwide average. The overall cost of living index in Shorewood is 110, which is 10% higher than the average of 100. Housing costs lead the way, with an index of 120, indicating a 20% increase over the national average. This suggests that job seekers should consider these higher expenses when planning their relocation to Shorewood.
Shorewood, IL, has a higher cost of living compared to the nationwide average, which is set at 100. The housing index in Shorewood stands at 120, indicating that housing costs are 20% higher than the national average. This increase suggests that potential residents may need to budget more for rent or mortgage payments.
Additionally, the cost of groceries in Shorewood is 105, which is 5% higher than the national average. This means that everyday food expenses will be slightly more than what one might expect in other parts of the country. Utilities, however, are slightly below average at 98, offering a small relief in this category. Transportation costs are also higher, at 110, which is 10% above the national average. Healthcare costs in Shorewood are 15% higher, with an index of 115, and miscellaneous expenses are at 102, which is 2% higher than the national average. These factors collectively paint a picture of a higher cost of living in Shorewood compared to the nationwide average.
