A display device formed by plural pixels that have reflective regions and transmissive regions is disclosed. The display device includes, in each of the pixels: an element layer formed on a substrate; a planarizing layer formed on the substrate to cover the element layer; and a gap adjusting layer formed on the planarizing layer on the element layer. In the display device, the reflective region is formed by an area including the element layer, the planarizing layer, the gap adjusting layer, and a reflection electrode formed on the gap adjusting layer, and the transmissive region is formed by an area including the planarizing layer formed on the substrate excluding an area in which the gap adjusting layer is formed.