Glencoe township, MN Cost of Living


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Glencoe township cost of living score
84.3
Less expensive
15.7% lower
than the US average
13.3% lower
than the Minnesota average
Glencoe township, Minnesota gets a BestPlaces Cost of Living score of 84.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.7% lower than the U.S. average and 13.3% higher than the average for Minnesota.

Glencoe township, MN

Housing costs in Glencoe township?
A typical home costs $334,000, which is 1.2% less expensive than the national average of $338,100 and 7.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Glencoe township costs $870 per month, which is 39.2% more than the national average of $1,430 and 42.5% more than the state average of $1,240.

Can I afford Glencoe township?
To live comfortably in Glencoe township, Minnesota, a minimum annual income of $64,080 for a family, and $26,400 for a single person is recommended.

What does A.I. say about Glencoe township?
The cost of living in Glencoe Township, Minnesota is relatively low compared to other areas in the state. The average household income is $59,871 which is well below the national average of $57,652. Property taxes are also lower than most other townships across the state with an average rate of 0.9%. Additionally, many basic necessities such as food and utilities are highly affordable due to the rural nature of Glencoe Township. Grocery stores like Super Target and Aldi offer reasonably priced staple foods, making it easy for households to stretch their budgets even further. With its low cost of living, Glencoe Township offers a great option for those looking for a budget-friendly place to live in Minnesota.
   Cost of living score
     CategoriesGlencoe townshipMinnesotaUnited States
  84.397.2100.0
  9797.2100
  82.178.3100.0
  102.3102.9100.0
  $334,000$309,500$338,100
  98.7%95.7%100.0%
  72.996.4100.0
  103.2117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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