| Index | Shoreview | Minnesota | National |
| Cost of living | 115 | 100 | 100 |
| Groceries | 102 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 148 | 100 | 100 |
| Transportation | 99 | 100 | 100 |
| Utilities | 102 | 104 | 100 |
| Lifestyle & Entertainment | 100 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 102 | 99 | 100 |
Understanding the cost of living in Shoreview can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Shoreview cost of living index is 115, which is 15% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Housing costs significantly influence the Shoreview cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 47.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Shoreview an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Shoreview, the median home price is 54.9% higher than what most folks pay across the country, and monthly rent prices are 31.5% higher than the usual rates. Income levels in Shoreview come in at $144,713, which is 77.9% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Shoreview, the standard sales tax rate starts at 6.875%, and the income tax rates commence at 5.35%.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Shoreview, the groceries index is 1.7% higher than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The cost of living estimates displayed for Shoreview are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $165,304 | $13,775 | $3,857 | $4,960 |
| Renters | $76,374 | $6,365 | $1,782 | $2,291 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Landfall, MN | 819 | 72 | 27.9% |
| South End, MN | 66 | 78 | 22.1% |
| Hilltop, MN | 1,045 | 80 | 20.0% |
| St. Anthony city (Stearns County), MN | 108 | 84 | 16.4% |
| Brooklyn Center, MN | 31,682 | 102 | 1.8% |
| Shoreview, MN | 27,771 | 115 | 14.9% |
| City | Population | Cost of Living Index | National Avg. |
| Bristol, TN | 27,756 | 91 | 8.7% |
| Ramsey, MN | 27,748 | 115 | 15.4% |
| Dodge City, KS | 27,746 | 87 | 13.3% |
| Maywood, CA | 27,798 | 140 | 40.2% |
| West Chicago, IL | 27,740 | 110 | 9.8% |
| Shoreview, MN | 27,771 | 115 | 14.9% |
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