Glencoe, OH is a small town with a friendly atmosphere and an excellent quality of life. The cost of living is quite low, with 2 bedroom rent averaging at $920 compared to $1,430 nationally. Similarly, the Grocery Cost Index in Glencoe is 99 versus 100 in the US. This makes it a great place for people who want to save money while still enjoying all the amenities that come with living in a small town. Local companies that are popular in Glencoe include Valley Dairy Farms which offers fresh milk and dairy products, and H&D Automotive which provides reliable auto repair services. With its low cost of living and welcoming community, Glencoe can be an ideal place to settle down or start a business.
Glencoe has an unemployment rate of 5.8%. The US average is 6.0%.
Glencoe has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Glencoe is 3.5%. 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 $16,346 a year. The US average is $28,555 a year.
- The Median household income of a Glencoe resident is $96,979 a year. The US average is $69,021 a year.