salaryRent here is among the highest 10% in the country. Household incomes are higher than in 97% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (82.5%) are owned, so rentals can be hard to find. It is a highly educated city: 82.1% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $123,640 a year. That is $59 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 326 of 334 cities from cheapest to most expensive.
How much do households earn in Deerfield?
Share of households by yearly income. 65.0% of households earn $100,000 or more.
Rent by apartment size in Deerfield
| Size | Deerfield | U.S. average |
|---|---|---|
| Studio | $2,332 | $1,338 |
| 1 bedroom | $2,949 | $1,324 |
| 2 bedrooms | $2,431 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,628 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Deerfield overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Deerfield, so the Illinois figure is shown.
Taxes and bills in Deerfield
Life in Deerfield
Is it cheaper to rent or buy in Deerfield?
Renting is cheaper right now: about $1,235 a month less.
Owning assumes a typical $623,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $62,340 for the down payment.
Frequently asked questions
What is the average rent in Deerfield, IL?
Renting in Deerfield costs a median of about $3,091 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Deerfield?
To keep rent under 30% of income, you need about $123,640 a year, or $59 an hour at a full-time job.
Is Deerfield cheap or expensive?
Deerfield is rated Cheap: rent takes 18.9% of the typical household income of $195,920. It ranks 326th cheapest of 334 Illinois cities we track.
How much are property taxes in Deerfield?
The median homeowner in Deerfield pays $10,000+ a year in property taxes, about 1.60% of the median home value.
Is Deerfield more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Deerfield?
The median home value in Deerfield is $623,400, about 3.2 times the typical yearly household income.
19,518 people live in Deerfield. Numbers are typical (middle) values.