Personal Finance
Find Out Where Deerfield Ranks In Household Bills: Report
Doxo, an online bill payment service, recently released a report ranking the highest and lowest cities in Illinois for household expenses.
DEERFIELD, IL — According to a recent report, Illinois residents pay an average of 4 percent more on household bills than the U.S. average. Doxo, an online bill payment service, recently released a report ranking the highest and lowest towns and cities in Illinois for household expenses.
DoxoInsights took a look at 227 towns and cities in Illinois, as well as the rest of the country, for the report. According to the report, the average household in Deerfield pays $3,464 per month (X $41,570 per year) on the 10 most common household bills, which ranks it as the No. 3 most expensive city/town in Illinois. Nationally, Americans pay $2,126 monthly on average for all services.
In addition, Deerfield household bills are 63 percent higher than the U.S. average in the Cost of Bills Index (household bills expense per month, including housing). Bills in Deerfield households are $16,057 higher per year than the U.S. average.
Find out what's happening in Deerfieldfor free with the latest updates from Patch.
According to the report, household bills account for 23 percent of annual household income, which is $181,111 in Deerfield.
The report looked at mortgage, rent, auto loans, utilities, auto insurance, health insurance, mobile phone, cable and internet, alarm and security, and life insurance. Here is a breakdown of how much Deerfield residents pay monthly for each service compared to the rest of the country.
Find out what's happening in Deerfieldfor free with the latest updates from Patch.
- Mortgage — Deerfield residents pay $3,382 monthly vs. national average ($1,402 monthly)
- Rent — residents pay $2,198 vs. national average ($1,300)
- Auto loans — residents pay $509 vs. national average ($496)
- Utilities — residents pay $299 vs. national average ($362)
- Auto insurance — residents pay $204 vs. national average ($209)
- Health insurance — residents pay $102 vs. national average ($114)
- Mobile phone — residents pay $252 vs. national average ($121)
- Cable and internet — residents pay $252 AMOUNT vs. national average ($122)
- Life insurance — residents pay $88 AMOUNT vs. national average ($87)
- Alarm and security — residents pay $91 AMOUNT vs. national average ($85)
According to the report, the top 10 most expensive cities/towns for household bills in Illinois are:
- Hinsdale — $3,551 in household bills per month
- Winnetka — $3,541
- Deerfield — $3,464
- Barrington — $3,355
- Wilmette — $3,318
- Highland Park — $3,314
- Lake Zurich — $3,271
- Lake Forest — $3,255
- Yorkville — $3,020
- Mokena — $2,977
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