Glencoe, MN Cost Of Living
Cost Of Living In Glencoe, MN Summary
Cost of living in Glencoe research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Glencoe is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Glencoe is 91, with 100 being the average.
The cost of living index in Glencoe is 0.9x lower than the national average.
Glencoe ranks as the #15 cheapest in Minnesota out of 147.
Glencoe ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Glencoe is $169,800.
The median income in Glencoe is $57,410.
Table Of Contents
Glencoe's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Glencoe, MN?
According to the most recent data on the cost of living, Glencoe has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Minnesota, Glencoe has a cost of living index that's 1.0x lower than Minnesota's index of 95.
The standard of living in Glencoe ranks as #15 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Glencoe ranks as the #132 most expensive place in the North Star State.
For more reading on life in Glencoe, check out:
- Living In Glencoe
- Glencoe Crime Report
- Search Homes For Sale In Glencoe, MN
In Minnesota
In America
Glencoe Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Glencoe. Here is how it fairs on each of the criteria:
The Services index in Glencoe is 97.
The Groceries index in Glencoe is 104.
The Health index in Glencoe is 121.
The Housing index in Glencoe is 72.
The Transportation index in Glencoe is 100.
The Utilities index in Glencoe is 98.
| Living Expense | Glencoe | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 91 | 95 | 100 | |
| Services | 97 | 101 | 100 | |
| Groceries | 104 | 98 | 100 | |
| Health | 121 | 111 | 100 | |
| Housing | 72 | 83 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Glencoe, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Glencoe is $169,800.
The Median Rent in Glencoe is $760.
The Median Income in Glencoe is $57,410.
The Home Value To Income in Glencoe is 3.0x.
The Rent To Monthly Income in Glencoe is 0.16x.
| Statistic | Glencoe | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $169,800 | $250,200 | $244,900 |
| Median Rent | $760 | $1,081 | $1,163 |
| Median Income | $57,410 | $77,706 | $69,021 |
| Home Value To Income | 3.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Glencoe, MN Costs By Category
Detailed Glencoe Services Costs Vs. Minnesota
Detailed Glencoe Groceries Costs Vs. Minnesota
Detailed Glencoe Health Costs Vs. Minnesota
Detailed Glencoe Transportation Costs Vs. Minnesota
Detailed Glencoe Utilities Costs Vs. Minnesota
Glencoe SnackAbility
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Cost Of Living In Cities Around Glencoe
The cost of living varies in the cities and towns around Glencoe. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.3x Glencoe.
Maple Grove, MN has a cost of living index of 117, 1.3x Glencoe.
Lakeville, MN has a cost of living index of 116, 1.3x Glencoe.
| City | Population | Cost Of Living | Vs. Glencoe |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.3x |
| Maple Grove, MN | 69,900 | 117 | 1.3x |
| Lakeville, MN | 69,026 | 116 | 1.3x |
| Eden Prairie, MN | 64,048 | 121 | 1.3x |
| Minnetonka, MN | 53,809 | 121 | 1.3x |
| Edina, MN | 53,059 | 135 | 1.5x |
| Champlin, MN | 23,877 | 110 | 1.2x |
| Rogers, MN | 13,182 | 120 | 1.3x |
| Minnetrista, MN | 8,215 | 146 | 1.6x |
| Shorewood, MN | 7,779 | 134 | 1.5x |
