Glencoe is a somewhat small village located in the state of Illinois. With a population of 8,894 people and two constituent neighborhoods, Glencoe is the 242nd largest community in Illinois. Glencoe has an unusually large stock of pre-World War II architecture, making it one of the older and more historic villages.
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 95.86% 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 (23.77%), sales jobs (14.25%), and legal occupations (12.11%).
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: 12.78% 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", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Glencoe is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The village’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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 36.10 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.
Despite being a small village, Glencoe has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
If knowledge is power, Glencoe is a pretty powerful place. 86.66% 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 $106,845, which is wealthy relative to Illinois and the nation. This equates to an annual income of $427,380 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 Russian, Irish, Polish, and English.
The most common language spoken in Glencoe is English. Other important languages spoken here include Spanish and French.