This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Glencoe page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 5,702, so Glencoe should be compared with similar-size places before using broader Minnesota averages. Median household income is $63,967, so the best affordability read for Glencoe is income versus housing, taxes, utilities, and insurance together.
Median home value is $213,100, so ownership costs in Glencoe should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $901/mo, so renters can compare Glencoe against ownership costs and nearby rental markets.
Housing and Income Context
For Glencoe, income sits in the middle range, making recurring bills worth watching. Home values sit in a moderate range where taxes and utilities still change the monthly math.
Use the home value, rent, and income fields together before deciding whether Glencoe looks more favorable for renting, buying, or comparing with Norwood Young America, MN.
Utility Cost Context
The residential electricity benchmark is $0.151/kWh, so Glencoe households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Glencoe is a Minnesota state-level EIA benchmark, so it should not be read as a local provider tariff.
For Glencoe, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $2,435, so Glencoe buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Glencoe address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Glencoe depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Glencoe, especially when comparing with Norwood Young America, MN.
Population and Demographics
Median age is 37.7, so Glencoe may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 9.6%, so Glencoe education context can be useful when reading labor-market and school sections.
Unemployment is 4.5%, so Glencoe wage and job-market context should be compared with commute options and regional employment centers.
