Glencoe, KY is a small town known for its quiet atmosphere and friendly community. It offers some of the lowest rents in the country, with 2 bedroom rents averaging $900 per month compared to $1,430 across the US. At the same time, grocery costs are slightly higher than average with an index score of 95 versus 100 in the US. Despite this, Glencoe still offers great value for money. Local companies such as Red Clay Coffee Roasting Company and Glenco Winery offer residents a variety of employment opportunities and entertainment options. With its low rent prices and varied local businesses, Glencoe is a great place to live with an excellent cost of living.
Glencoe has an unemployment rate of 4.8%. The US average is 6.0%.
Glencoe has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Glencoe is 6.8%. 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 $17,819 a year. The US average is $37,638 a year.
- The Median household income of a Glencoe resident is $38,083 a year. The US average is $69,021 a year.