Danville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexDanvilleKentuckyNational
Cost of living index8987100
IndexDanvilleKentuckyNational
Goods & Services index10197100
Groceries index9089100
Health care index9589100
Housing index7570100
Transportation index9697100
Utilities index8794100
Here we can see a simple outline of the cost of living in Danville, KY. As you can see, with the average cost of living in Danville, KY being 89, that puts it 2% higher than the average of Kentucky and 11% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Danville, KY, the price of goods and services are 3% higher than the average of Kentucky as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Danville is 2% higher than the Kentucky average.
  • The cost of living in Danville is 11% lower than the national average.
  • The cost of housing in Danville is 25% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Compare Danville, KY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Danville, KY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Danville, KY, you have to earn a higher income in order to still have the same standard of living. To operate the Danville, KY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,042$4,337$1,214$1,561
Renters$23,102$1,925$539$693
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Danville, KY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Danville, KY has a median income of about $52,042 for people who own homes. Based on that number, a person should spend a maximum of $1,214 on expenses related to housing. Renters have a slightly different median income, which is $23,102. Based on this average, renters should spend no more than $539 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When assessing the complete cost of living in Danville, KY, the Kentucky income tax and the Kentucky sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Kentucky maximum surtax is 6%, and the Kentucky sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 6% in Kentucky.

Goods & Services

ItemDanvilleNational avg.Difference
Haircut $16.00$15.562.8%
Beauty Salon $41.87$36.1116.0%
Toothpaste $2.05$2.4717.1%
Shampoo $0.86$0.9610.5%
Movie $8.99$10.1311.2%
Bowling $4.73$4.740.0%

Groceries

ItemDanvilleNational avg.Difference
Ground Beef $3.56$3.9810.7%
Fried Chicken $1.27$1.419.5%
Milk $1.41$2.0631.7%
Potatoes $2.78$2.986.7%
Pizza $8.96$9.475.4%
Beer $8.51$8.793.2%

Health Care

ItemDanvilleNational avg.Difference
Optometrist $78.32$101.0422.5%
Doctor $109.00$107.441.5%
Dentist $82.71$90.428.5%
Ibuprofen $8.16$9.2812.1%
Lipitor $422.30$426.501.0%

Housing

ItemDanvilleNational avg.Difference
Home Price $135,600.00$175,700.0022.8%
Avg. Mortgage Payment $912.59$1,133.2319.5%
Apartment Rent $631.00$920.0031.4%

Transportation

ItemDanvilleNational avg.Difference
Gasoline $2.00$1.990.4%
Tire Balancing $39.29$45.7614.1%

Utilities

ItemDanvilleNational avg.Difference
All Electricity$128.21$163.8121.7%
Phone $28.32$28.390.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Crab Orchard, KY97379-21%
Hustonville, KY47681-19%
High Bridge, KY14682-18%
Junction City, KY2,57582-18%
Lancaster, KY3,77983-17%
Danville, KY16,47189-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Goodlettsville, TN16,46699-1%
Burlington, KY16,47996-4%
Bostonia, CA16,46011919%
Frankfort, IN16,48881-19%
Highland, UT16,49113131%
Danville, KY16,47189-11%
Source: The Danville, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.