Glencoe, OK is a small town located in Payne County with a population of around 500 people. This rural community offers a quiet atmosphere and an affordable cost-of-living compared to the US. The average rent for two bedrooms in Glencoe is $780 whereas the US average rent for two bedrooms is $1,430, making it almost half the national cost. Additionally, groceries are more affordable in Glencoe with an index score of 93 versus 100 at the national level.
Being a small town, there are not many local businesses in Glencoe; however, some include Clay Drywall & Painting Co., Integrity Remodeling Solutions LLC, and Hill’s Home Repair & Maintenance. With its calm environment and low cost-of-living, Glencoe is an excellent place to move or start a business looking for affordability.
Glencoe has an unemployment rate of 3.4%. The US average is 6.0%.
Glencoe has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 5.3%. 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 $13,133 a year. The US average is $28,555 a year.
- The Median household income of a Glencoe resident is $46,250 a year. The US average is $69,021 a year.