Glencoe, WI is a lovely small town located near the shores of Lake Michigan. It has a variety of amenities and attractions that make it an appealing destination for those looking for a quiet and peaceful place to live. One of the main attractions is its affordable rent; two bedrooms here cost around $900, while the US average for two bedrooms is $1,430. Grocery costs are also cheaper here than the national average, with an index score of 93 versus 100 in the US.
The low cost of living coupled with many local businesses makes Glencoe a desirable place to live. The city has several restaurants such as Bistro 821 and O’Brien’s Tap Room that offer delicious food options. There are also plenty of stores like Knittel Bros Hardware Store and Village Market that provide grocery essentials at reasonable prices. In addition, there are several recreational activities offered by nearby parks, such as fishing and boating on Lake Michigan. With all these factors combined, Glencoe makes an ideal home for families or individuals looking for peace and tranquility away from the hustle and bustle of larger cities.
Glencoe has an unemployment rate of 5.5%. The US average is 6.0%.
Glencoe has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe
- The Sales Tax Rate for Glencoe is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Glencoe is 6.3%. 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 $22,559 a year. The US average is $28,555 a year.
- The Median household income of a Glencoe resident is $61,875 a year. The US average is $69,021 a year.