All Countries
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
Income Overview
Median Household Income
$172,325
129% above
US avg: $75,149
Per Capita Income
$87,623
124% above
US avg: $39,052
Unemployment Rate
2.9%
19% below
US avg: 3.6%
Poverty Rate
4.5%
64% below
US avg: 12.4%
Income Comparison: Shorewood vs. U.S. Average
Each bar shows Shorewood’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$172,325
229%
Per Capita
US: $39,052
$87,623
224%
IRS Avg AGI
US: $72,000
$131,468
183%
Avg Weekly Wage
US: $1,432
$1,297
91%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,297
9% below US avg ($1,432)
Mean Commute Time
24 min
14% below US avg (28 min)
Work From Home
29.8%
96% above US avg (15.2%)
Drive Alone
64.7%
12% below US avg (73.2%)
Public Transit
0.1%
98% below US avg (5.0%)
County GDP
$7,614M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
64.7%
Public Transit
0.1%
Work From Home
29.8%
Other
5.4%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
2,874
Restaurants
188
Healthcare
268
Retail
232
Manufacturing
153
Tax & Financial
IRS Avg Adjusted Gross Income
$131,468
83% above US avg ($72,000)
Avg Property Tax
$6,648
90% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $172,325 |
| Per Capita Income | $87,623 |
| IRS Avg Adjusted Gross Income | $131,468 |
| Avg Weekly Wage | $1,297 |
| County GDP | $7,614M |
Hardship Indicators
| Unemployment Rate | 2.9% |
| Poverty Rate | 4.5% |
| Gini Coefficient | 0.415 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 64.7% |
| Public Transit | 0.1% |
| Work From Home | 29.8% |
Businesses
| Total Establishments | 2,874 |
| Restaurants | 188 |
| Healthcare | 268 |
| Retail | 232 |
| Manufacturing | 153 |
Tax
| IRS Avg AGI | $131,468 |
| Avg Property Tax | $6,648 |