Shorewood is a medium-sized village located in the state of Illinois. With a population of 18,522 people and four associated neighborhoods, Shorewood is the 141st largest community in Illinois. Much of the housing stock in Shorewood was built relatively recently. The construction of new real estate can often be taken as an indication that the local Shorewood economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Shorewood, where the median household income is $122,105.00.
Shorewood real estate is some of the most expensive in Illinois, although Shorewood house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Shorewood has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.77% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Shorewood is a great place for families with children to consider. First of all, many other families with children live here, making Shorewood a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Shorewood has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Shorewood’s overall crime rate is lower than average for the country.
In Shorewood, however, the average commute to work is quite long. On average, people spend 33.04 minutes each day getting to work, which is significantly higher than the national average.
The citizens of Shorewood are among the most well-educated in the nation: 41.12% of adults in Shorewood have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Shorewood in 2022 was $50,261, which is wealthy relative to Illinois and the nation. This equates to an annual income of $201,044 for a family of four.
Shorewood is a very ethnically-diverse village. The people who call Shorewood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Shorewood residents report their race to be White, followed by Black or African-American. Shorewood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.26% of the village’s residents. Important ancestries of people in Shorewood include German, Irish, Polish, Italian, and English.
The most common language spoken in Shorewood is English. Other important languages spoken here include Spanish and Langs. of India.