Deerfield, IL Cost Of Living

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.
Index	Deerfield	Illinois	National
Cost of living index	150	99	100
Index	Deerfield	Illinois	National
Goods & Services index	115	101	100
Groceries index	108	97	100
Health care index	101	101	100
Housing index	242	95	100
Transportation index	127	105	100
Utilities index	90	96	100

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 150, which is 52% higher than the Illinois average and 50% 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 14% higher than the Illinois average and 15% higher than the U.S. average.

Did you know?

The cost of living in Deerfield is 52% higher than the Illinois average.
The cost of living in Deerfield is 50% higher than the national average.
The cost of housing in Deerfield is 142% 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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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$156,692	$13,058	$3,656	$4,701
Renters	$58,021	$4,835	$1,354	$1,741

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 $156,692 for people who own homes. Based on that number, a person should spend a maximum of $3,656 on expenses related to housing. Renters have a slightly different median income, which is $58,021. Based on this average, renters should spend no more than $1,354 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	3.75%	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 10.25%, 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

Item	Deerfield	National avg.	Difference
Haircut	$20.00	$16.09	24.3%
Beauty Salon	$69.87	$37.33	87.2%
Toothpaste	$2.80	$2.45	14.3%
Shampoo	$0.98	$1.00	1.7%
Movie	$13.72	$10.28	33.5%
Bowling	$8.00	$4.93	62.2%

Groceries

Item	Deerfield	National avg.	Difference
Ground Beef	$4.33	$3.80	13.8%
Fried Chicken	$1.28	$1.40	8.1%
Milk	$1.95	$2.01	2.9%
Potatoes	$3.79	$3.01	26.0%
Pizza	$9.99	$9.89	1.1%
Beer	$8.49	$8.90	4.6%

Health Care

Item	Deerfield	National avg.	Difference
Optometrist	$95.00	$102.16	7.0%
Doctor	$100.00	$108.36	7.7%
Dentist	$102.33	$92.53	10.6%
Ibuprofen	$9.87	$9.28	6.4%
Lipitor	$414.41	$425.82	2.7%

Housing

Item	Deerfield	National avg.	Difference
Home Price	$508,800.00	$184,700.00	175.5%
Avg. Mortgage Payment	$1,785.17	$1,202.44	48.5%
Apartment Rent	$1,559.00	$949.00	64.3%

Transportation

Item	Deerfield	National avg.	Difference
Gasoline	$2.93	$2.24	30.6%
Tire Balancing	$55.00	$46.29	18.8%

Utilities

Item	Deerfield	National avg.	Difference
All Electricity	$130.69	$165.96	21.3%
Phone	$29.99	$28.68	4.6%

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, State	Population	Cost of Living Index	National Avg.
Park City, IL	7,402	88	-12%
Waukegan, IL	88,159	100	0%
North Chicago, IL	30,023	100	0%
Round Lake Beach, IL	27,936	103	3%
Round Lake Park, IL	7,989	103	3%
Deerfield, IL	18,686	150	50%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Augusta, ME	18,691	98	-2%
Forest Park, OH	18,679	90	-10%
Morristown, NJ	18,677	140	40%
Fairmont, WV	18,699	88	-12%
South Burlington, VT	18,704	121	21%
Deerfield, IL	18,686	150	50%

Source: The Deerfield, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Deerfield, IL Cost of Living