Cost of Living in Deer Park, IL

Population 3,711 · Illinois · Data vintage 2023

198
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Deer Park sits 109% above the national median — $636,000 for the typical home — but median household incomes near $160,750 (116% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.

Located 15 miles northeast of Elgin, Deer Park falls within that metro's commuting orbit. Median home values run roughly 152% higher than Elgin's $252,000.

Cost Overview

Housing 209
Rent 182

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Deer Park

The median home value in Deer Park is $636,200 — 109% above the national median of $305,000. Median rent runs $2,389/month, 82% higher than the national median of $1,314/month. The median household income of $160,750/year is 116% higher than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Deer Park has a cost of living index of 198 versus the US average of 100, meaning it is 98% more expensive.

🏠 Housing

Median Home Value
$636,200
109% above avg
Zillow Home Value
$3,085,190
Zillow ZHVI
Median Rent
$2,389/mo
82% above avg
Price-to-Rent Ratio
22.2x
Favors renting
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 78.2%
Renter-occupied 21.8%

💰 Estimated Monthly Budget

Rent median rent
$2,389
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,003/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
32.0 min
19% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
33.8%

Commute Mode

Drove alone
53.8%
Carpooled
5.7%
Public transit
5.8%
Work from home
33.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$160,750
116% above avg
Per Capita Income
$92,302
Unemployment Rate
2.0%
59% below avg
Poverty Rate
1.4%
Labor Force Participation
62.5%

🎓 Education

Bachelor's degree+ 40.1%
Graduate degree 31.9%

👥 Demographics

Median Age 43.7
Male median age 43.6
Female median age 44

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
74.9%
Good air days/yr
179
Max AQI recorded
0
PM2.5 days
243
Ozone days

Frequently Asked Questions

What is the cost of living in Deer Park, IL?

Deer Park has a cost index of 198 (100 = national average). It is 98% above the national average.

What is average rent in Deer Park, IL?

The median gross rent in Deer Park is $2,389 per month based on 2023 Census data.

What is the average home price in Deer Park?

The median home value in Deer Park is $636,200 according to Zillow and Census data.

What is the median income in Deer Park?

The median household income in Deer Park is $160,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Deer Park, IL?

The combined state and local sales tax rate in Deer Park is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Deer Park, IL affordable?

Deer Park is above average in cost of living, with an index of 198 — about 98% higher than the national average.

Deer Park at a Glance

Population
3,711
Median Income
$160,750
Home Value
$636,200
Median Rent
$2,389/mo
Unemployment
2.0%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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