Median Income
$163,525
household / year
Median Home Value
$643,300
owner-occupied
Median Rent
$1,707
gross / month
Cost of Living
104
national avg = 100

Is Shorewood, MN a Good Place to Live?

Shorewood is a small town of 7,722 in Minnesota, with a median household income of $163,525 and a 5.1% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Shorewood stands out for solid school ratings (A), a well-educated population, short average commutes.

Trade-offs: Potential downsides include high home prices, an elevated unemployment rate. Whether Shorewood is right for you depends on your priorities — the full breakdown is below.

All Shorewood city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 104.5

Shorewood's overall cost of living index is 104.5, where 100 represents the US national average. Living in Shorewood costs roughly 4% more than the average American city.

Metric Shorewood, MN National Avg
Median Home Value $643,300 $244,900
Median Monthly Rent $1,707 $1,163
Homeownership Rate 93.9% 65.9%
Median Household Income $163,525 $74,755

Crime & Safety

Near National Average

Shorewood's violent crime rate is 505.0 per 100,000 residents — 33% higher than the national average of ~380 per 100,000.

Violent Crime
505.0 /100k
Property Crime
2928.6 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Shorewood is served primarily by MINNETONKA PUBLIC SCHOOL DISTRICT. The student-to-teacher ratio is 15.7:1 (better than the national average of ~16:1).

Metric Shorewood, MN National Avg
School District MINNETONKA PUBLIC SCHOOL DISTRICT —
Elementary Schools 7 —
Middle Schools 2 —
High Schools 3 —
Student/Teacher Ratio 15.7:1 16:1
Bachelor's Degree or Higher 72.0% 35.4%
High School Diploma or Higher 99.0% 91.1%

Weather & Climate

Shorewood sees average highs of 22.4°F in January and 81.4°F in July, with 32.8 inches of annual precipitation and 54.7 inches of snow per year.

MetricShorewood, MN
Average High — January22.4°F
Average High — July81.4°F
Annual Precipitation32.8"
Annual Snowfall54.7"

Demographics

MetricShorewood, MNNational Avg
Population7,722—
Median Age48.038.9
Unemployment Rate5.1%3.7%
Avg Commute Time24.8 min26 min
White (non-Hispanic)90.7%59.3%
Black or African American0.3%13.6%
Hispanic or Latino4.1%18.9%
Asian1.0%6.3%
Under 1825.3%22.2%
65 and over18.9%16.8%

Nearby Cities

Tonka Bay, MN 1 mi Excelsior, MN 1 mi Greenwood, MN 2 mi Minnetonka Beach, MN 3 mi Spring Park, MN 3 mi

ZIP Codes in Shorewood

Shorewood, MN is covered by 1 ZIP code:

55331

Shorewood vs Other Cities

Shorewood, MN vs Tonka Bay, MN Shorewood, MN vs Excelsior, MN Shorewood, MN vs Greenwood, MN Shorewood, MN vs Minnetonka Beach, MN Shorewood, MN vs Spring Park, MN

Frequently Asked Questions

Shorewood's cost of living index is 104, where 100 is the national average. That puts Shorewood roughly 4% above the national average in cost. The median home price is $643,300 and median rent is $1,707/month.
Shorewood's violent crime rate is 505.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2928.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Shorewood are operated by MINNETONKA PUBLIC SCHOOL DISTRICT. The district has 7 elementary, 2 middle, and 3 high schools. The student-to-teacher ratio is 15.7:1. 72.0% of adults 25+ hold a bachelor's degree or higher.
Shorewood, MN has a population of 7,722, a median household income of $163,525, and an unemployment rate of 5.1%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Shorewood averages 22.4°F in January and 81.4°F in July. Annual rainfall is 32.8 inches with about 54.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Shorewood, MN is covered by 1 ZIP code: 55331.
The population of Shorewood, Minnesota is 7,722 with a median age of 48.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Shorewood: cost of living index 104 (100 = US average), median home $643,300, median household income $163,525, crime index 136 (100 = US average, lower is safer), schools rated A. Whether these are benefits or drawbacks depends on where you're coming from — compare Shorewood side by side with your current city to see the trade-offs.