Cost of Living in Glenwood, IL
Population 8,620 · Illinois · Data vintage 2023
(100 = US avg)
Housing costs in Glenwood stay well under national norms: a median home value of $183,000 against median household incomes of $71,376 gives the city one of the more comfortable price-to-income ratios in Illinois. At 16.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Glenwood sits roughly 20 miles south of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 42% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Glenwood
The median home value in Glenwood is $182,900 — 40% below the national median of $305,000. Median rent runs $1,639/month, 25% higher than the national median of $1,314/month. The median household income of $71,376/year is 4% lower than the US median of $74,580. The local unemployment rate is 16.5%, above 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, Glenwood has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.
Glenwood 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 Glenwood, IL?
Glenwood has a cost index of 86 (100 = national average). It is 14% below the national average.
What is average rent in Glenwood, IL?
The median gross rent in Glenwood is $1,639 per month based on 2023 Census data.
What is the average home price in Glenwood?
The median home value in Glenwood is $182,900 according to Zillow and Census data.
What is the median income in Glenwood?
The median household income in Glenwood is $71,376 per year (2023 ACS 5-year estimates).
What is the sales tax in Glenwood, IL?
The combined state and local sales tax rate in Glenwood is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Glenwood, IL affordable?
Yes, Glenwood is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.
Glenwood at a Glance
- Population
- 8,620
- Median Income
- $71,376
- Home Value
- $182,900
- Median Rent
- $1,639/mo
- Unemployment
- 16.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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