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Shorewood, MN

Full City Profile · Minnesota · Carver County County

3.8 /5.0
B+ Good
7,679 Population 1,446/sq mi density
$172,325 Median Income $87,623 per capita
$684,500 Home Value $787,979 Zillow
$2,099 Median Rent 33.8% income on rent
45°F Avg Temperature 270 sunny days/yr
23 Violent Crime/100K 864 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$172,325 median income, 2.9% unemployment
A
Affordability
4.4 / 5.0
$684,500 home value, $2,099/mo rent
F
Safety
1.0 / 5.0
23 violent crimes/100K
A+
Education
5.0 / 5.0
72.8% bachelor's degree or higher

Shorewood, MN

At a Glance

Median Income
$172,325
129% above
$87,623 per capita
Home Value
$684,500
143% above
Zillow: $787,979
Median Rent
$2,099/mo
80% above
33.8% of income on rent
Violent Crime
23/100K
94% below
864/100K property
Bachelor's Degree+
72.8%
116% above
98.9% high school+
Unemployment
2.9%
19% below
4.5% poverty rate
Obesity Rate
23.5%
27% below
7.7% smoking rate
Avg Temperature
45°F
270 sunny days/yr

How Shorewood Compares to the U.S. Average

Each bar shows Shorewood's value as a percentage of the national average (100% = U.S. avg)

Income
229%
Home Value
243%
Rent
180%
Poverty
36%
Bachelor's
216%
Unemployment
81%
Crime
6%
Thin vertical line = U.S. national average (100%)

Is Shorewood a Good Place to Live?

B+
3.8 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Shorewood residents earn a median household income of $172,325 , which is 129% above the national average of $75,149. Per capita income is $87,623. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 4.5% of residents live below the poverty line. The area is home to 2,874 business establishments, including 188 restaurants.

Housing & Cost of Living

The median home value in Shorewood is $684,500 , 143% above the national median of $281,900. Zillow estimates the typical home at $787,979. Median rent is $2,099/month, with 33.8% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1986.

Safety & Crime

Shorewood reports 23 violent crimes per 100,000 residents , which is 94% below the national average of 380/100K. Property crime is 864/100K.

Education

72.8% of adults in Shorewood hold a bachelor's degree or higher (116% above the national average). 98.9% have completed high school. Local schools score 7.2/10 in standardized testing.

Climate & Weather

Shorewood has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. The area gets 270 sunny days per year. Annual precipitation totals 32.8 inches. Air quality is rated Good with a median AQI of 36.

Data Overview

People

Population7,679
Median Age48.0 yrs
Density1,446/mi²
Male / Female51% / 49%
Foreign Born13.6%
Veterans7.1%

Economy

A+
Median Income$172,325
Per Capita$87,623
Unemployment2.9%
Poverty4.5%
County GDP$7,614M
Avg Weekly Wage$1,297

Housing

A
Home Value$684,500
Rent$2,099
Ownership94.0%
Zillow$787,979
Housing Units3,009
Rent Burden33.8%

Crime

F
Violent23/100K
Property864/100K

Health

Obesity23.5%
Diabetes5.4%
Smoking7.7%
Heart Disease3.7%
Premature Death3,990/100K

Climate

Avg Temp45°F
Sunny Days270/yr
Rain32.8 in/yr
AQI36 (Good)
Elevation965 ft

Education

A+
Bachelor's+72.8%
High School+98.9%
Graduate+28.1%
School Score7.2/10

Community

2024 VoteR 52% / D 46%
Commute24 min
Broadband97.5%
Internet Speed126 Mbps
EV Stations1
Libraries7

Did You Know?

Shorewood was founded in 1956.
The median home in Shorewood was built in 1986.
29.8% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (18 miles).
The Gini coefficient (income inequality) is 0.415 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
6.7% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 126 Mbps.
There are 188 restaurants in the area.
The county recorded 9 fatal vehicle crashes.