Located in Cook County, Glenwood, Illinois is a small village just outside of Chicago. The average two bedroom rent in the area is slightly higher than the US average at $1,730 versus $1,430. Despite this difference, Glenwood is an affordable place to live and offers many conveniences. Local businesses include Bakers Square Restaurant & Bakery, Walgreens Pharmacy and Sunday's Best Bakery Café for dining and shopping. For those looking for more recreational activities nearby, there are numerous parks and golf courses. The grocery cost index in Glenwood is 94 compared to the US average of 100 so it's still an affordable place to buy groceries as well. In conclusion, Glenwood provides residents with an affordable option that's close to Chicago while offering plenty of amenities.
Glenwood has an unemployment rate of 8.4%. The US average is 6.0%.
Glenwood has seen the job market decrease by -9.4% 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 Glenwood
- The Sales Tax Rate for Glenwood is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Glenwood 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 Glenwood
- The average income of a Glenwood resident is $29,573 a year. The US average is $37,638 a year.
- The Median household income of a Glenwood resident is $65,685 a year. The US average is $69,021 a year.