Glencoe cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index19199100
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index38899100
Transportation index11297100
Utilities index104101100
The above illustration supplies generalized information for the Glencoe, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Glencoe, IL is 191, which is 93% higher than the Illinois average and 91% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Glencoe, IL are 8% higher than the average for Illinois and 6% higher than the rest of the country.

Did you know?

  • The cost of living in Glencoe is 93% higher than the Illinois average.
  • The cost of living in Glencoe is 91% higher than the national average.
  • The cost of housing in Glencoe is 288% higher than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Glencoe, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Glencoe, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Glencoe, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Glencoe, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Glencoe, IL have a median income of $183,713. Therefore, the amount that a consumer should spend on housing costs should be no more than $4,286 per month to avoid calamity and poverty. The renters in the city have an income of about $45,762, which would make their monthly maximum allowable rental costs $1,068.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Glencoe, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 9.75%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemGlencoeNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%


ItemGlencoeNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemGlencoeNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%


ItemGlencoeNational avg.Difference
Home Price $863,400.00$175,700.00391.4%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,344.00$920.0046.1%


ItemGlencoeNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%


ItemGlencoeNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
North Chicago, IL30,76099-1%
Franklin Park, IL18,3891044%
Schiller Park, IL11,8421066%
Wheeling, IL37,8861066%
River Grove, IL10,2681066%
Glencoe, IL8,82419191%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Garden City, SC8,82494-6%
Hollymead, VA8,82811919%
Port Jefferson Station, NY8,82814141%
Larkfield-Wikiup, CA8,83114545%
Alondra Park, CA8,83313636%
Glencoe, IL8,82419191%
Source: The Glencoe, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.