Deerfield cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexDeerfieldIllinoisNational
Cost of living index15198100
IndexDeerfieldIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index25199100
Transportation index126104100
Utilities index9595100
A general overview of the cost of living index for Deerfield, IL is displayed above. In Deerfield, IL, the overall cost of living index is 151, which is 54% higher than the Illinois average and 51% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Deerfield, IL, the city's goods and services are 12% higher than the Illinois average and 8% higher than the U.S. average.

Did you know?

  • The cost of living in Deerfield is 54% higher than the Illinois average.
  • The cost of living in Deerfield is 51% higher than the national average.
  • The cost of housing in Deerfield is 151% higher than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Deerfield, IL Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Deerfield, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Deerfield, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Deerfield, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$151,894$12,658$3,544$4,557
Renters$50,694$4,225$1,183$1,521
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Deerfield, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Deerfield, IL has a median income of about $151,894 for people who own homes. Based on that number, a person should spend a maximum of $3,544 on expenses related to housing. Renters have a slightly different median income, which is $50,694. Based on this average, renters should spend no more than $1,183 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
When assessing the complete cost of living in Deerfield, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 9.75%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

ItemDeerfieldNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemDeerfieldNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemDeerfieldNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemDeerfieldNational avg.Difference
Home Price $494,600.00$175,700.00181.5%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $1,660.00$920.0080.4%

Transportation

ItemDeerfieldNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemDeerfieldNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Park City, IL7,55186-14%
Waukegan, IL88,6711000%
North Chicago, IL30,7601011%
Round Lake Beach, IL28,0481011%
Round Lake Park, IL7,7581044%
Deerfield, IL18,47615151%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Horizon City, TX18,47790-10%
Point Pleasant, NJ18,48113232%
Jasmine Estates, FL18,47085-15%
Calverton, MD18,48812828%
Natchitoches, LA18,46093-7%
Deerfield, IL18,47615151%
Source: The Deerfield, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.