Glencoe is a somewhat small village located in the state of Illinois. With a population of 8,869 people and two constituent neighborhoods, Glencoe is the 242nd largest community in Illinois. Glencoe has a large stock of pre-World War II architecture, making it one of the older and more historic villages in the country.
Glencoe home prices are not only among the most expensive in Illinois, but Glencoe real estate also consistently ranks among the most expensive in America.
Glencoe is a decidedly white-collar village, with fully 95.57% of the workforce employed in white-collar jobs, well above the national average. Overall, Glencoe is a village of professionals, managers, and sales and office workers. There are especially a lot of people living in Glencoe who work in management occupations (20.69%), sales jobs (15.55%), and legal occupations (13.91%).
Of important note, Glencoe is also a village of artists. Glencoe has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Glencoe’s character.
Also of interest is that Glencoe has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.07% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Glencoe is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Glencoe is a great place for families with children to consider. First of all, many other families with children live here, making Glencoe a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Glencoe has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Glencoe’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Glencoe is that it can take a long time to commute to work. In Glencoe, the average commute to work is 38.04 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative.
In Glencoe, a lot of people use the train to get to work every day though Glencoe is a relatively small village. Those that ride the train are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Glencoe is a pretty powerful place. 86.40% of the adults in Glencoe have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Glencoe in 2010 was $130,020, which is wealthy relative to Illinois and the nation. This equates to an annual income of $520,080 for a family of four.
The people who call Glencoe home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Glencoe residents report their race to be White, followed by Asian. Important ancestries of people in Glencoe include German, Irish, Polish, Russian, and English.
The most common language spoken in Glencoe is English. Other important languages spoken here include Spanish and Chinese.