Glencoe, MN is a small town that offers a comfortable and affordable lifestyle. The 2 bedroom rent in Glencoe is significantly lower than the US average of $1,430, making it an attractive option for those looking to save on housing costs. Additionally, locals living in Glencoe benefit from lower grocery costs compared to the US average, with a Grocery Cost Index of 97 versus 100 in the US. For those looking to take advantage of these savings opportunities while still enjoying small-town charm and amenities, Glencoe is the ideal location. Popular local companies in Glencoe include Bemidji State University, Walmart Supercenter, Ace Hardware and Buehnen Auto Body Shop Inc.
Glencoe has an unemployment rate of 5.1%. The US average is 6.0%.
Glencoe has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Glencoe is 7.1%. 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 $25,177 a year. The US average is $28,555 a year.
- The Median household income of a Glencoe resident is $57,410 a year. The US average is $69,021 a year.