Glencoe, IL is a vibrant village located in Cook County about 30 miles north of Chicago. The area boasts a number of great local companies including AkzoNobel, NorthShore University HealthSystem, and GTI Graphic Technology Inc. The housing market in Glencoe is healthy with an average rent for 2 bedroom apartments at $2,140 compared to the US average of $1,430. This higher rent could be explained by the Grocery Cost Index which is 110 versus 100 in the US meaning that groceries are 10% more expensive than the national average. Overall, Glencoe offers quality living close to Chicago with an established economy and housing market.
Glencoe has an unemployment rate of 8.4%. The US average is 6.0%.
Glencoe has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 9.0%. 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 $103,788 a year. The US average is $28,555 a year.
- The Median household income of a Glencoe resident is $212,132 a year. The US average is $69,021 a year.