Glencoe, IL
Population 8,715 · Illinois
About Glencoe, IL
Glencoe is a small town located in Illinois with a population of 8,715 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 45.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Glencoe features a median home value of $1,354,900, which is 453% above the national median of $244,900. This places Glencoe in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,097, 80% above the national average of $1,163/month. Of the 3,264 total housing units, 92% are owner-occupied (2,788 units) and 8% are renter-occupied (245 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Glencoe shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Glencoe have an average one-way commute time of 37.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
88.2% of Glencoe residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.5% White, 0.2% Hispanic or Latino, 0.7% Black or African American, and 0.9% Asian residents, with 6.4% of the population being foreign-born.
How Glencoe Ranks in Illinois
Cost of Living in Glencoe, IL
Compared to national averages, Glencoe has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,354,900, which is 453% above the national median. Monthly rent at $2,097 is 80% above the US average of $1,163. Within Illinois, Glencoe's income is 233% above the state average of $75,072, and home values are 717% above the state median of $165,779.
Why Live in Glencoe, IL?
Glencoe offers a strong local economy with a median household income of $250,001, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 88.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,354,900. However, Glencoe’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Glencoe has a population of 8,715 with a median age of 45.4 years. Compare Glencoe with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Glencoe
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Villa | 8,707 | $111,110 | $325,900 | Compare |
| Mascoutah | 8,743 | $93,902 | $226,300 | Compare |
| Rock Falls | 8,683 | $48,733 | $82,400 | Compare |
| Clarendon Hills | 8,642 | $125,826 | $595,500 | Compare |
| Monmouth | 8,794 | $59,690 | $88,100 | Compare |
| Savoy | 8,807 | $88,828 | $280,700 | Compare |
| Glenwood | 8,620 | $71,376 | $182,900 | Compare |
| Harrisburg | 8,608 | $48,488 | $84,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Glencoe With Other Cities
Frequently Asked Questions about Glencoe
What is the population of Glencoe, IL?
The population of Glencoe, IL is 8,715 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Glencoe?
The median household income in Glencoe, IL is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Glencoe?
The median home value in Glencoe, IL is $1,354,900, which is 453% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Glencoe?
The median monthly rent in Glencoe, IL is $2,097, which is 80% above the national average of $1,163/month.
What is the unemployment rate in Glencoe?
The unemployment rate in Glencoe, IL is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Glencoe, IL a good place to live?
Glencoe offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,715 and a median age of 45.4, the city appeals to established professionals and retirees.
How educated is Glencoe, IL?
88.2% of residents in Glencoe aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Glencoe?
Key cost-of-living indicators for Glencoe, IL: median home value is $1,354,900 (453% above national), median rent is $2,097/month, and median household income is $250,001. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Glencoe?
The poverty rate in Glencoe, IL is 2.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Glencoe, IL?
Glencoe's population is 0.5% White, 0.2% Hispanic or Latino, 0.7% Black or African American, 0.9% Asian, and 1.9% two or more races. 6.4% of residents are foreign-born.