Cost of Living in Glencoe, IL

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F
141%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
472%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Glencoe Illinois National
Cost of living24198100
Groceries101100100
Health care99100100
Housing57295100
Transportation103101100
Utilities10199100
Lifestyle & Entertainment97100100
Household Items99100100
Education & Childcare95100100
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Homes For Sale In Glencoe, IL

property for sale

599 Woodlawn Ave

Glencoe, IL
property for sale

1018 Eastwood Rd

Glencoe, IL
property for sale

390 Forest Edge Dr

Glencoe, IL
property for sale

255 Harbor St

Glencoe, IL

Cost Of Living Quick Facts

  • The cost of living in Glencoe is 146% higher than the Illinois average
  • The cost of living in Glencoe is 141% higher than the national average
  • Glencoe housing is 472% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Glencoe

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Compare Glencoe, IL Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$298,800$24,900$6,972$8,965
      Renters$0$0$0$0
      To approximate the cost of living and the housing affordability in Glencoe, IL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Glencoe have a median income of $298,800. Therefore, the amount that a consumer should spend on housing costs should be no more than $6,972 per month to avoid calamity and poverty. The renters in the city have an income of about $0, which would make their monthly maximum allowable rental costs $0.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      North Chicago, IL30,865955.0%
      River Grove, IL10,2461022.4%
      Franklin Park, IL18,3231043.7%
      Wheeling, IL39,8511044.0%
      Bensenville, IL18,7971066.2%
      Glencoe, IL9,140241141.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Southeast Arcadia, FL9,1408911.2%
      Pine Lake Park, NJ9,14012424.0%
      Poteau, OK9,1408515.0%
      Aliquippa, PA9,1418713.2%
      Roanoke, TX9,14112221.8%
      Glencoe, IL9,140241141.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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