salaryRent is lower than in 50% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 30.2 minutes each way. Most homes (79%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $66,040 a year. That is $32 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 199 of 334 cities from cheapest to most expensive.
How much do households earn in Glenwood?
Share of households by yearly income. 29.7% of households earn $100,000 or more.
Rent by apartment size in Glenwood
| Size | Glenwood | U.S. average |
|---|---|---|
| 2 bedrooms | $1,294 | $1,509 |
| 3 bedrooms | $1,935 | $1,698 |
| 4 bedrooms | $2,920 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Glenwood overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Glenwood, so the Illinois figure is shown.
Taxes and bills in Glenwood
Life in Glenwood
Is it cheaper to rent or buy in Glenwood?
Buying is cheaper month to month: about $276 a month less than renting.
Owning assumes a typical $198,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,810 for the down payment.
Frequently asked questions
What is the average rent in Glenwood, IL?
Renting in Glenwood costs a median of about $1,651 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Glenwood?
To keep rent under 30% of income, you need about $66,040 a year, or $32 an hour at a full-time job.
Is Glenwood cheap or expensive?
Glenwood is rated OK: rent takes 23.7% of the typical household income of $83,466. It ranks 199th cheapest of 334 Illinois cities we track.
How much are property taxes in Glenwood?
The median homeowner in Glenwood pays $5,843 a year in property taxes, about 2.95% of the median home value.
Is Glenwood 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 Glenwood?
The median home value in Glenwood is $198,100, about 2.4 times the typical yearly household income.
8,603 people live in Glenwood. Numbers are typical (middle) values.