| Index | Danville | Indiana | National |
| Cost of living | 96 | 89 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 99 | 97 | 100 |
| Housing | 97 | 72 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 95 | 96 | 100 |
| Lifestyle & Entertainment | 92 | 95 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 91 | 94 | 100 |
Knowing the cost of living in Danville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Danville stands at 96, marking it 4% lower than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Danville are priced in a manner consistent with other areas. This means that residents of Danville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
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 1.6% lower than the national average, and monthly rent rates are 6.6% lower than usual. Additionally, median income levels contribute to the equation, with Danville flaunting a median household income of $121,765, 49.7% higher than the national norm.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Danville, is 3.1% lower than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Danville, the groceries index is 2.7% lower than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Danville, the transportation index is 4.2% lower than the national average.
The cost of living data for Danville shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $123,897 | $10,325 | $2,891 | $3,717 |
| Renters | $96,298 | $8,025 | $2,247 | $2,889 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| New Ross, IN | 535 | 86 | 13.7% |
| Fillmore, IN | 535 | 87 | 13.2% |
| Stilesville, IN | 307 | 87 | 12.9% |
| Jamestown, IN | 1,129 | 88 | 11.7% |
| Coatesville, IN | 469 | 90 | 10.3% |
| Danville, IN | 10,592 | 96 | 4.0% |
| City | Population | Cost of Living Index | National Avg. |
| Newberry, SC | 10,588 | 89 | 11.4% |
| Milton, FL | 10,597 | 100 | 0.1% |
| Eureka, MO | 10,586 | 109 | 8.9% |
| Troy, IL | 10,601 | 100 | 0.5% |
| Moss Bluff, LA | 10,582 | 99 | 1.2% |
| Danville, IN | 10,592 | 96 | 4.0% |
Here are the best places to live in Indiana
See the best places to live in Danville
Safest States In The US
Check out the 10 most dangerous cities in Indiana