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CITY · 2020 ACS

Shorewood

Minnesota · 7,783 residents · 5.31 sq mi
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The short version

Shorewood is significantly wealthier than the US average, with a median household income of $146,029. Population has held roughly steady since 2000. 72% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has more than doubled since 2000, reaching $520,500. With a median age of 46.7, the population is older than the US median of 38.8. Households here earn about 99% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 46.7
US median: 38.8
More educated
72% hold a bachelor's degree
US average: 33%
Less affordable
home values up 34%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
7,783
+5%since 2000
from 7,400 in 2000
1990 – 2025
Population density
1,466 / sq mi
+5%since 2000
from 1,394 / sq mi in 2000
US average: 280
Median age
46.7
+21%since 2000
from 38.7 in 2000
US average: 38.8
Population, 1990 – 2024
6K6K7K7K8K1990201020202024Shorewood
20248K
1990201020202024
Section 02

Income & economy

Median household income
$146,029
+1%inflation adjusted, since 2000
from $96,589 in 2000
US average: $66,278
1990 – 2024
Per capita income
$77,829
+75%since 2000
from $44,425 in 2000
US average: $35,364
Households earning $100K+
78.0%
+5.9 ptssince 2009
from 72.1% in 2009
US average: 43.9%
Poverty rate
4.2%
+2.4 ptssince 2000
from 1.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services14.4%
US avg: 6.6%
Retail trade13.7%
US avg: 10%
Public administration13.2%
US avg: 4.7%
Information8.2%
US avg: 11.1%
Wholesale trade6.2%
US avg: 6.7%
Transportation & warehousing5.5%
US avg: 2.5%
Arts, entertainment, food2.4%
US avg: 2%
Finance & insurance1.6%
US avg: 5.5%
Professional, scientific, technical1.3%
US avg: 4.7%
Agriculture, forestry, fishing0.3%
US avg: 1.7%
Construction0.3%
US avg: 1.2%
Education & health services0.3%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$520,500
+34%inflation adjusted, since 2000
from $257,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,614
+5%inflation adjusted, since 2000
from $1,021 in 2000
US average: $1,124
Owner-occupied
90.1%
−3.6 ptssince 2000
from 93.7% in 2000
9.9% rent
Afford Score
3.6
+34%since 2000
from 2.7 in 2000
1990 – 2024
RELATED:See current rent listings in Shorewood on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic97.2%(7,194)
Black0.4%(28)
Hispanic / Latino0.8%(61)
Asian0.9%(66)
Other0%
Diversity Score5.2%(385)
2020
White, non-Hispanic90.2%(7,020)
Black0.6%(48)
Hispanic / Latino2.9%(224)
Asian2.4%(183)
Other2.2%(169)
Diversity Score19.3%(1,504)
Diversity Score
19
+272%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
72.1%
+13.2 ptssince 2000
from 58.8% in 2000
US average: 32.9%
High school or higher
99.4%
+2.6 ptssince 2000
from 96.8% in 2000
US average: 88.5%
Graduate degree
28.5%
+10.1 ptssince 2000
from 18.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
24.6 min
+38%since 2000
from 17.8 min in 2000
US average: 26.9
Drive alone to work
76.7%
−5.2 ptssince 2009
from 81.9% in 2009
US average: 75.1%
No vehicle available
2.3%
+1.2 ptssince 2009
from 1.1% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.5%
+0.7 ptssince 2011
from 3.8% in 2011
US average: 5.4%
Labor force participation
69.2%
−1.6 ptssince 2011
from 70.8% in 2011
US average: 63.4%
Management & professional
65.5%
−6.9 ptssince 2009
from 72.4% in 2009
US average: 39.3%
Section 08

People & community

Male
52.1%
+2.7 ptssince 2009
from 49.5% in 2009
Female
47.9%
−2.7 ptssince 2009
from 50.5% in 2009
Foreign born
4.5%
−1.3 ptssince 2009
from 5.9% in 2009
US average: 13.5%
Uninsured
0.8%
−95.8 ptssince 2013
from 96.6% in 2013
US average: 8.8%
Drill deeper

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Compare Shorewood to nearby cities

SHOREWOOD VS
Mound
Income$86,675−41%
Home value$370,800−29%
Population9,064+19%
SEE FULL COMPARISON →
SHOREWOOD VS
Chanhassen
Income$143,651−2%
Home value$566,300+9%
Population25,748+238%
SEE FULL COMPARISON →
SHOREWOOD VS
Orono
Income$173,527+19%
Home value$1,004,500+93%
Population8,301+9%
SEE FULL COMPARISON →
SHOREWOOD VS
Victoria
Income$195,639+34%
Home value$581,200+12%
Population12,447+63%
SEE FULL COMPARISON →
Frequently asked

How many people live in Shorewood, Minnesota?

Shorewood, Minnesota has about 7,783 residents according to the 2020 American Community Survey.

What is the median household income in Shorewood, Minnesota?

The typical household in Shorewood, Minnesota earns about $146,029 a year. Half of households make more than that, and half make less.

Is Shorewood, Minnesota expensive?

In Shorewood, Minnesota, the median home is worth about $520,500, and the typical rent is about $1,614 a month.

How educated are people in Shorewood, Minnesota?

About 72.1% of adults age 25 and over in Shorewood, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Shorewood, Minnesota?

About 4.2% of people in Shorewood, Minnesota live below the federal poverty line.

Has Shorewood, Minnesota grown since 1990?

Yes, Shorewood, Minnesota has grown since 1990. The population has added about 1,940 residents, a change of about 33 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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