| Index | Danville | Kentucky | National |
| Cost of living | 92 | 88 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 79 | 70 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 95 | 95 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 95 | 97 | 100 |
| Education & Childcare | 96 | 94 | 100 |
The cost of living in Danville affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Danville is 92, which is 8% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Danville is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Danville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Danville is 19.1% lower than the national average, while the average monthly rent prices are 24.4% lower than average. The affordability of any location can also be influenced by median income levels. Danville has a median household income of $63,627, which is 21.8% lower than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Danville, the housing index stands at 20.7% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Danville, the groceries index registers 1.1% lower than the national average.
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.
| 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 | $90,226 | $7,519 | $2,105 | $2,707 |
| Renters | $38,910 | $3,243 | $908 | $1,167 |
| State | General Sales Tax | With Max Surtax |
| Kentucky | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Kentucky | 4.5% | 4.5% |
| City | Population | Cost of Living Index | National Avg. |
| McKinney, KY | 102 | 96 | 4.1% |
| Crab Orchard, KY | 744 | 78 | 21.6% |
| Hustonville, KY | 575 | 82 | 17.7% |
| Perryville, KY | 997 | 85 | 15.1% |
| Lancaster, KY | 3,914 | 84 | 15.6% |
| Danville, KY | 17,223 | 92 | 8.1% |
| City | Population | Cost of Living Index | National Avg. |
| Dallas, OR | 17,229 | 113 | 12.7% |
| Easton, MD | 17,240 | 118 | 17.7% |
| Clayton, MO | 17,205 | 151 | 51.0% |
| Waterville, ME | 17,244 | 94 | 6.2% |
| Cohoes, NY | 17,198 | 105 | 5.2% |
| Danville, KY | 17,223 | 92 | 8.1% |
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