Deerfield, IL Cost Of Living
Cost Of Living In Deerfield, IL Summary
Cost of living in Deerfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Deerfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Deerfield is 150, with 100 being the average.
The cost of living index in Deerfield is 1.5x higher than the national average.
Deerfield ranks as the #321 cheapest in Illinois out of 338.
Deerfield ranks as the #5,843 cheapest out of 6,412 in the US.
The median home value in Deerfield is $529,600.
The median income in Deerfield is $168,568.
Table Of Contents
Deerfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Deerfield, IL?
According to the most recent data on the cost of living, Deerfield has an overall cost of living index of 150, which is 1.5x higher than the national index of 100.
Compared to Illinois, Deerfield has a cost of living index that's 1.6x higher than Illinois's index of 92.
The standard of living in Deerfield ranks as #321 most affordable out of the 338 places we measured in Illinois. By definition, that implies Deerfield ranks as the #17 most expensive place in the Prairie State.
For more reading on life in Deerfield, check out:
- Living In Deerfield
- Deerfield Crime Report
- Search Homes For Sale In Deerfield, IL
In Illinois
In America
Deerfield Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Deerfield. Here is how it fairs on each of the criteria:
The Services index in Deerfield is 115.
The Groceries index in Deerfield is 109.
The Health index in Deerfield is 100.
The Housing index in Deerfield is 242.
The Transportation index in Deerfield is 112.
The Utilities index in Deerfield is 91.
| Living Expense | Deerfield | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 150 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 242 | 81 | 100 | |
| Transportation | 112 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Deerfield, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Deerfield is $529,600.
The Median Rent in Deerfield is $2,028.
The Median Income in Deerfield is $168,568.
The Home Value To Income in Deerfield is 3.1x.
The Rent To Monthly Income in Deerfield is 0.14x.
| Statistic | Deerfield | Illinois | United States |
|---|---|---|---|
| Median Home Value | $529,600 | $212,600 | $244,900 |
| Median Rent | $2,028 | $1,097 | $1,163 |
| Median Income | $168,568 | $72,563 | $69,021 |
| Home Value To Income | 3.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Deerfield, IL Costs By Category
Detailed Deerfield Services Costs Vs. Illinois
Detailed Deerfield Groceries Costs Vs. Illinois
Detailed Deerfield Health Costs Vs. Illinois
Detailed Deerfield Transportation Costs Vs. Illinois
Detailed Deerfield Utilities Costs Vs. Illinois
Deerfield SnackAbility
/10
Cost Of Living In Cities Around Deerfield
The cost of living varies in the cities and towns around Deerfield. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 0.8x Deerfield.
Glenview, IL has a cost of living index of 147, 1.0x Deerfield.
Elmhurst, IL has a cost of living index of 131, 0.9x Deerfield.
| City | Population | Cost Of Living | Vs. Deerfield |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 0.8x |
| Glenview, IL | 48,150 | 147 | 1.0x |
| Elmhurst, IL | 45,661 | 131 | 0.9x |
| Buffalo Grove, IL | 43,062 | 121 | 0.8x |
| Park Ridge, IL | 39,562 | 131 | 0.9x |
| Wheeling, IL | 39,104 | 108 | 0.7x |
| Northbrook, IL | 35,108 | 156 | 1.0x |
| Highland Park, IL | 30,245 | 152 | 1.0x |
| Wilmette, IL | 27,895 | 166 | 1.1x |
| Lake Zurich, IL | 19,807 | 125 | 0.8x |
