Shorewood, WI

Above Avg · 111

Wisconsin · Population 13,682 · Updated March 2026

$1,291
Median Rent / Month
$89,135
Median Income
$423,600
Median Home Value
$1,595
Owner Costs / Month

Affordability

How far your income goes in Shorewood

17.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Wisconsin

State-level tax rates that affect your costs

7.65%
Income Tax (Top Rate)
5.0%
Sales Tax
1.61%
Property Tax Rate

Estimated Annual Costs

$15,492
Annual Rent
$6,819
State Income Tax
$6,820
Property Tax (est.)

Cost of Living Overview

Shorewood is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), Shorewood residents can expect to pay median rent of $1,291/month while earning a median household income of $89,135/year.

The median home value in Shorewood, WI is $423,600, with typical monthly owner costs around $1,595 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Wisconsin has a moderate income tax rate of 7.65%. Combined with a 5.0% sales tax rate and 1.61% effective property tax rate, the overall tax environment is a factor in the total cost of living in Shorewood.

Frequently Asked Questions

Common questions about living costs in Shorewood

What is the cost of living in Shorewood, WI?
The cost of living index in Shorewood, WI is 111 (US average = 100). Median monthly rent is $1,291, median household income is $89,135/year, and the median home value is $423,600.
Is Shorewood, WI affordable?
No, Shorewood is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Shorewood, WI?
The median gross rent in Shorewood, WI is $1,291 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,492.
What is the median household income in Shorewood?
The median household income in Shorewood, WI is $89,135 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Wisconsin?
Wisconsin has a top income tax rate of 7.65%, a sales tax of 5.0%, and an effective property tax rate of 1.61%.