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The total population of Shorewood is estimated to be 7,722 with 3,962 males (51.31%) and 3,760 females (48.69%). There are 202 less females than males in Shorewood.
The median household income in Shorewood was $161,912 in 2021, which marked an a decrease of 3,559(2.15%) from $165,471 in 2020. This income is 217.02% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Shorewood sees its highest median household income among householders in the age group of 25 to 44 years old, at $222,411. Overall, the median household income for the city of Shorewood stands at $161,912.
In Shorewood, the median income for all workers aged 15 years and older, regardless of work hours, was $89,175 for males and $53,775 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $153,224 for males and $77,932 for females.
In Shorewood, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $270,229, while White households have a median household income of $155,863.
In 2022, the population of Shorewood was 7,624, a 1.17% decrease year-by-year from 2021. Previously, in 2021, Shorewood's population was 7,714, a decline of 0.89% compared to a population of 7,783 in 2020.
The median age in Shorewood, MN is 47.7, as per 2021 ACS 5-Year Estimates. Of the total population, 18.36% were under the age of 15, 12.88% aged 15 to 29, 50.35% aged 30 to 64, 16.26% aged 65 to 84, and 2.15% were 85 years of age and older.
Racial distribution of Shorewood population: 94.15% are White, 0.30% are Black or African American, 0.32% are American Indian and Alaska Native, 0.81% are Asian, 0.05% are some other race and 4.37% are multiracial.