States › Illinois › Glencoe

Is Glencoe, IL expensive to live in?

CheapRent takes 11 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,44539% higher than U.S. average
💵 Families earn per year (2026)$268,474about $22,373/month · 208% higher than U.S. average
🔑 House price$1,432,500331% higher than U.S. average

Rent is higher than in 84% of U.S. cities. Household incomes are higher than in 100% of U.S. cities. A typical house costs about 5.3 years of household income. Commutes are long, about 36.3 minutes each way. Most homes (92%) are owned, so rentals can be hard to find. It is a highly educated city: 88.2% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $97,800 a year. That is $47 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

No. Rent here is more expensive than in most of Illinois. It is number 308 of 334 cities from cheapest to most expensive.

Glencoe
$2,445
Lake Villa
$1,695
Clarendon Hills
$1,263
Gilberts
$2,102
Glenwood
$1,651
Mascoutah
$1,233
Rock Falls
$834

How much do households earn in Glencoe?

Under $25k
2.0%
$25k–50k
6.8%
$50k–100k
17.6%
$100k–150k
16.0%
$150k+
57.2%

Share of households by yearly income. 73.2% of households earn $100,000 or more.

How expensive is Glencoe overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Glencoe, so the Illinois figure is shown.

Taxes and bills in Glencoe

🏛️ Property tax$10,000+a year · 0.70% of home value · U.S. $3,119
⚡ Electric bill$185a month (typical) · U.S. $156

Life in Glencoe

Commute to work36.3 minU.S.: 26.4 min
College degree88.2%U.S.: 35.7%
Own their home92%U.S.: 65.2%
Below poverty line2.1%U.S.: 12.5%
Unemployment3.6%U.S.: 5.2%

Is it cheaper to rent or buy in Glencoe?

Renting is cheaper right now: about $7,495 a month less.

Renting
$2,445
Owning
$9,940

Owning assumes a typical $1,432,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $143,250 for the down payment.

Frequently asked questions

What is the average rent in Glencoe, IL?

Renting in Glencoe costs a median of about $2,445 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Glencoe?

To keep rent under 30% of income, you need about $97,800 a year, or $47 an hour at a full-time job.

Is Glencoe cheap or expensive?

Glencoe is rated Cheap: rent takes 10.9% of the typical household income of $268,474. It ranks 308th cheapest of 334 Illinois cities we track.

How much are property taxes in Glencoe?

The median homeowner in Glencoe pays $10,000+ a year in property taxes, about 0.70% of the median home value.

Is Glencoe more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Glencoe?

The median home value in Glencoe is $1,432,500, about 5.3 times the typical yearly household income.

8,701 people live in Glencoe. Numbers are typical (middle) values.