Shorewood, IL, shows a higher cost of living compared to the nationwide average, particularly in housing, which stands at 112. This means housing costs are 12% higher than the national average. While other categories like groceries and utilities are slightly below the average, the overall cost of living in Shorewood remains elevated.
Shorewood, IL, presents a cost of living that is slightly higher than the nationwide average. The housing index in Shorewood stands at 112, indicating that housing costs are 12% higher than the national average. This increase may impact potential residents' budgets, as they will need to allocate more funds for housing compared to the average American.
Other expenses in Shorewood, such as groceries and utilities, also show minor variations. The grocery index is 95, which is 5% lower than the average, potentially offering some savings for those who spend a significant portion of their budget on food. The utilities index, at 98, is only 2% below the average, suggesting that utility costs remain relatively close to the national norm. Transportation costs are slightly higher, with an index of 102, meaning they are 2% above the average. Healthcare costs in Shorewood align with the national average at 100, providing no additional burden or relief in this category. Miscellaneous expenses, with an index of 105, are 5% higher than the average, indicating that other costs might be marginally more expensive. Overall, Shorewood offers a mix of both higher and lower costs in various areas, which job seekers should consider when planning their relocation.
