Shorewood, IL, has a higher cost of living compared to the nationwide average. The overall cost of living index in Shorewood stands at 105, which is 5% higher than the national average of 100. This increase is largely driven by the housing index, which is 20% higher than the national average.
Other categories like groceries, utilities, and transportation also show slight increases, while healthcare and miscellaneous costs are slightly below the average. Job seekers should consider these factors when evaluating living expenses in Shorewood, IL.
Shorewood, IL, has a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Shorewood are notably higher, with an index of 120. This means that housing expenses are 20% more than the national average. For job seekers considering this area, it is important to budget for these higher living costs.
Other expenses in Shorewood also show variations from the national average. Groceries have a cost of living index of 104, which is 4% higher. Utilities are slightly below the average, with an index of 98, meaning they are 2% cheaper. Transportation costs are close to the average, at 102, which is 2% higher. Healthcare costs are 5% lower, with an index of 95. Miscellaneous expenses are 6% higher, with an index of 106. These figures show that while some areas are more affordable, others are more expensive, impacting overall living costs.
