States › Minnesota › Glencoe

Is Glencoe, MN expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,46616% lower than U.S. average
💵 Families earn per year (2026)$76,957about $6,413/month · 12% lower than U.S. average
🔑 House price$227,90031% lower than U.S. average

Rent is lower than in 60% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $58,640 a year. That is $28 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

Yes. Rent here is cheaper than in most of Minnesota. It is number 67 of 150 cities from cheapest to most expensive.

Glencoe
$1,466
International Falls
$595
Chisago City
$1,461
St. Paul Park
$2,404
Montevideo
$941
Princeton
$1,214
La Crescent
$814

How much do households earn in Glencoe?

Under $25k
9.4%
$25k–50k
31.9%
$50k–100k
40.8%
$100k–150k
10.2%
$150k+
6.8%

Share of households by yearly income. 17.0% of households earn $100,000 or more.

Rent by apartment size in Glencoe

SizeGlencoeU.S. average
1 bedroom$1,186$1,324
2 bedrooms$1,278$1,509
3 bedrooms$1,183$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Glencoe overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
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 Minnesota figure is shown.

Taxes and bills in Glencoe

🏛️ Property tax$2,551a year · 1.12% of home value · U.S. $3,119
⚡ Electric bill$142a month (typical) · U.S. $156

Life in Glencoe

Commute to work24.6 minU.S.: 26.4 min
College degree10.4%U.S.: 35.7%
Own their home70.3%U.S.: 65.2%
Below poverty line9.2%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Glencoe?

Renting is cheaper right now: about $115 a month less.

Renting
$1,466
Owning
$1,581

Owning assumes a typical $227,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,790 for the down payment.

Frequently asked questions

What is the average rent in Glencoe, MN?

Renting in Glencoe costs a median of about $1,466 a month in 2026, including utilities. The Minnesota median is $1,525.

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

To keep rent under 30% of income, you need about $58,640 a year, or $28 an hour at a full-time job.

Is Glencoe cheap or expensive?

Glencoe is rated OK: rent takes 22.9% of the typical household income of $76,957. It ranks 67th cheapest of 150 Minnesota cities we track.

How much are property taxes in Glencoe?

The median homeowner in Glencoe pays $2,551 a year in property taxes, about 1.12% of the median home value.

Is Glencoe more expensive than the national average?

Overall prices in Minnesota are 1% below 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 $227,900, about 3.0 times the typical yearly household income.

5,695 people live in Glencoe. Numbers are typical (middle) values.