Cost of Living in Glencoe, IL
Population 8,715 · Illinois · Data vintage 2023
(100 = US avg)
At $1.4 million, the typical home in Glencoe costs about 4× the national median, a premium characteristic of resort and luxury markets rather than primary-residence metros.
Glencoe sits roughly 20 miles north of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 330% higher than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Glencoe
The median home value in Glencoe is $1,354,900 — 344% above the national median of $305,000. Median rent runs $2,097/month, 60% higher than the national median of $1,314/month. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Glencoe has a cost of living index of 330 versus the US average of 100, meaning it is 230% more expensive.
Glencoe has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Glencoe, IL?
Glencoe has a cost index of 330 (100 = national average). It is 230% above the national average.
What is average rent in Glencoe, IL?
The median gross rent in Glencoe is $2,097 per month based on 2023 Census data.
What is the average home price in Glencoe?
The median home value in Glencoe is $1,354,900 according to Zillow and Census data.
What is the median income in Glencoe?
The median household income in Glencoe is $250,001 per year (2023 ACS 5-year estimates).
What is the sales tax in Glencoe, IL?
The combined state and local sales tax rate in Glencoe is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Glencoe, IL affordable?
Glencoe is above average in cost of living, with an index of 330 — about 230% higher than the national average.
Glencoe at a Glance
- Population
- 8,715
- Median Income
- $250,001
- Home Value
- $1,354,900
- Median Rent
- $2,097/mo
- Unemployment
- 3.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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