Shorewood, IL
Population 18,218 · Illinois
About Shorewood, IL
Shorewood is a mid-sized city located in Illinois with a population of 18,218 residents according to the latest US Census Bureau American Community Survey data. The median household income is $122,648 per year, which is 63% above the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Shorewood features a median home value of $324,600, which is 33% above the national median of $244,900. This positions Shorewood in a moderately priced market relative to the rest of the country. Median monthly rent is $2,087, 79% above the national average of $1,163/month. Of the 6,916 total housing units, 96% are owner-occupied (6,297 units) and 4% are renter-occupied (294 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shorewood shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shorewood have an average one-way commute time of 33.2 minutes.
Education & Demographics
41.0% of Shorewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 9.0% White, 0.2% Hispanic or Latino, 1.7% Black or African American, and 1.3% Asian residents, with 5.5% of the population being foreign-born.
Cost of Living in Shorewood, IL
Compared to national averages, Shorewood has a median household income of $122,648 (63% above the national median of $75,149). Home values average $324,600, which is 33% above the national median. Monthly rent at $2,087 is 79% above the US average of $1,163. Within Illinois, Shorewood's income is 63% above the state average of $75,072, and home values are 96% above the state median of $165,779.
Why Live in Shorewood, IL?
Shorewood offers a strong local economy with a median household income of $122,648, well above the national average, and a well-educated community where 41.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.0%, better than the national average.
Shorewood has a population of 18,218 with a median age of 44.5 years. Compare Shorewood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Shorewood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Franklin Park | 18,233 | $76,009 | $261,700 | Compare |
| Sycamore | 18,243 | $80,837 | $254,200 | Compare |
| East St. Louis | 18,278 | $30,992 | $52,700 | Compare |
| Palos Hills | 18,139 | $83,969 | $259,200 | Compare |
| Bourbonnais | 18,109 | $81,017 | $242,600 | Compare |
| Bellwood | 18,373 | $76,990 | $219,600 | Compare |
| North Aurora | 18,375 | $111,781 | $323,900 | Compare |
| Cary | 17,875 | $109,790 | $287,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Shorewood With Other Cities
Frequently Asked Questions about Shorewood
What is the population of Shorewood, IL?
The population of Shorewood, IL is 18,218 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Shorewood?
The median household income in Shorewood, IL is $122,648 per year, which is 63% above the national median of $75,149.
What is the median home value in Shorewood?
The median home value in Shorewood, IL is $324,600, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shorewood?
The median monthly rent in Shorewood, IL is $2,087, which is 79% above the national average of $1,163/month.
What is the unemployment rate in Shorewood?
The unemployment rate in Shorewood, IL is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Shorewood, IL a good place to live?
Shorewood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 18,218 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Shorewood, IL?
41.0% of residents in Shorewood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Shorewood?
Key cost-of-living indicators for Shorewood, IL: median home value is $324,600 (33% above national), median rent is $2,087/month, and median household income is $122,648. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Shorewood?
The poverty rate in Shorewood, IL is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shorewood, IL?
Shorewood's population is 9.0% White, 0.2% Hispanic or Latino, 1.7% Black or African American, 1.3% Asian, and 3.9% two or more races. 5.5% of residents are foreign-born.