Cost of Living in Glencoe, MN
Population 5,702 · Minnesota · Data vintage 2023
(100 = US avg)
Glencoe offers a notably favorable income-to-housing ratio for its region. The typical home — $213,000 — costs less than 3.3 times median household income of $63,967, a threshold many coastal markets passed a decade ago.
Glencoe is about 45 miles west of Minneapolis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 38% lower than Minneapolis' $346,000.
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 $213,100 — 30% below the national median of $305,000. Median rent runs $901/month, 31% lower than the national median of $1,314/month. The median household income of $63,967/year is 14% lower than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Glencoe has a cost of living index of 69 versus the US average of 100, meaning it is 31% less 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Glencoe, MN?
Glencoe has a cost index of 69 (100 = national average). It is 31% below the national average.
What is average rent in Glencoe, MN?
The median gross rent in Glencoe is $901 per month based on 2023 Census data.
What is the average home price in Glencoe?
The median home value in Glencoe is $213,100 according to Zillow and Census data.
What is the median income in Glencoe?
The median household income in Glencoe is $63,967 per year (2023 ACS 5-year estimates).
What is the sales tax in Glencoe, MN?
The combined state and local sales tax rate in Glencoe is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Glencoe, MN affordable?
Yes, Glencoe is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.
Glencoe at a Glance
- Population
- 5,702
- Median Income
- $63,967
- Home Value
- $213,100
- Median Rent
- $901/mo
- Unemployment
- 3.5%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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