Glencoe, AL is a small town of around 3,000 people located in the foothills of the Appalachians. It's known for its rich history and quaint atmosphere. The cost of living can be quite low in Glencoe with two-bedroom rents going for $730 and a grocery cost index sitting at 94 compared to the US average of 100. This makes it an ideal spot for those looking to live affordably without compromising on quality of life. The area also has local employers such as Olin Corporation, Dewey Industries, and Steinway & Sons Piano Company that offer employment opportunities to residents. Glencoe is truly a perfect place to take up residence if you're looking for tranquility and affordability.
Glencoe (zip 35905) has an unemployment rate of 4.0%. The US average is 6.0%.
Glencoe (zip 35905) has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Glencoe (zip 35905)
- The Sales Tax Rate for Glencoe (zip 35905) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Glencoe (zip 35905) 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 Glencoe (zip 35905)
- The average income of a Glencoe (zip 35905) resident is $28,989 a year. The US average is $37,638 a year.
- The Median household income of a Glencoe (zip 35905) resident is $59,576 a year. The US average is $69,021 a year.