Glencoe, AL is a small town located in Etowah county. It is a great place to live for those who want to be close to nature and affordable living. The average two bedroom rent is $740, which is significantly cheaper than the national average of $1,430. Additionally, groceries are slightly cheaper in Glencoe with an index of 94 versus 100 nationally.
There are several local companies that make it convenient for residents to work close to home such as Coosa Pines Lumber Company and Glendale Marble. Also, the City of Glencoe provides some excellent services such as city hall, a fire department and library.
Overall, Glencoe offers an affordable lifestyle with a variety of amenities that make it attractive for anyone looking for an enjoyable place to live.
Glencoe has an unemployment rate of 4.0%. The US average is 6.0%.
Glencoe has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Glencoe is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Glencoe
- The average income of a Glencoe resident is $23,549 a year. The US average is $28,555 a year.
- The Median household income of a Glencoe resident is $63,060 a year. The US average is $69,021 a year.