| Index | Danville | Illinois | National |
| Cost of living | 84 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 47 | 95 | 100 |
| Transportation | 99 | 101 | 100 |
| Utilities | 97 | 99 | 100 |
| Lifestyle & Entertainment | 103 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 100 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Danville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Danville stands at 84, making it 16% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Danville distinguishes itself by reporting housing expenses that are 52.7% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Danville can allocate more of their income to housing, enhancing their financial flexibility.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Danville. The results indicated that 71% found it reasonably priced with decreasing prices of goods and services, while 29% viewed it as quite expensive, with increasing prices.
Is Danville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Danville, for instance, where the median home price falls 62.7% lower than the national average, and monthly rent rates are 29.3% lower than usual. Additionally, median income levels contribute to the equation, with Danville flaunting a median household income of $55,571, 31.7% lower than the national norm.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Danville, the utilities index stands at 2.7% lower than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Danville, the transportation index is 1% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Danville, the general sales tax rate starts at 6.25%, and income tax rates begin at 4.95%.
The Danville cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $85,170 | $7,098 | $1,987 | $2,555 |
| Renters | $34,183 | $2,849 | $798 | $1,026 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Alvan, IL | 315 | 82 | 18.1% |
| Indianola, IL | 211 | 82 | 17.7% |
| Henning, IL | 266 | 83 | 17.2% |
| Belgium, IL | 395 | 83 | 16.7% |
| Georgetown, IL | 3,303 | 84 | 16.4% |
| Danville, IL | 31,689 | 84 | 16.2% |
| City | Population | Cost of Living Index | National Avg. |
| Sahuarita, AZ | 31,695 | 112 | 12.4% |
| Brooklyn Center, MN | 31,682 | 102 | 1.8% |
| Morgantown, WV | 31,653 | 98 | 1.6% |
| Los Altos, CA | 31,735 | 341 | 240.6% |
| Nicholasville, KY | 31,738 | 93 | 7.0% |
| Danville, IL | 31,689 | 84 | 16.2% |
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