Danville, IL Cost Of Living
Cost Of Living In Danville, IL Summary
Cost of living in Danville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Danville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Danville is 82, with 100 being the average.
The cost of living index in Danville is 0.8x lower than the national average.
Danville ranks as the #28 cheapest in Illinois out of 338.
Danville ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Danville is $70,200.
The median income in Danville is $39,230.
Table Of Contents
Danville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Danville, IL?
According to the most recent data on the cost of living, Danville has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Illinois, Danville has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Danville ranks as #28 most affordable out of the 338 places we measured in Illinois. By definition, that implies Danville ranks as the #310 most expensive place in the Prairie State.
For more reading on life in Danville, check out:
- Living In Danville
- Danville Crime Report
- Search Homes For Sale In Danville, IL
In Illinois
In America
Danville Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Danville. Here is how it fairs on each of the criteria:
The Services index in Danville is 96.
The Groceries index in Danville is 94.
The Health index in Danville is 96.
The Housing index in Danville is 44.
The Transportation index in Danville is 108.
The Utilities index in Danville is 103.
| Living Expense | Danville | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 82 | 92 | 100 | |
| Services | 96 | 95 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 96 | 96 | 100 | |
| Housing | 44 | 81 | 100 | |
| Transportation | 108 | 105 | 100 | |
| Utilities | 103 | 90 | 100 | |
Danville, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Danville is $70,200.
The Median Rent in Danville is $707.
The Median Income in Danville is $39,230.
The Home Value To Income in Danville is 1.8x.
The Rent To Monthly Income in Danville is 0.22x.
| Statistic | Danville | Illinois | United States |
|---|---|---|---|
| Median Home Value | $70,200 | $212,600 | $244,900 |
| Median Rent | $707 | $1,097 | $1,163 |
| Median Income | $39,230 | $72,563 | $69,021 |
| Home Value To Income | 1.8x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Danville, IL Costs By Category
Detailed Danville Services Costs Vs. Illinois
Detailed Danville Groceries Costs Vs. Illinois
Detailed Danville Health Costs Vs. Illinois
Detailed Danville Transportation Costs Vs. Illinois
Detailed Danville Utilities Costs Vs. Illinois
Danville SnackAbility
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Cost Of Living In Cities Around Danville
The cost of living varies in the cities and towns around Danville. Here's a quick look at the cost of living in the most populous nearby places:
Champaign, IL has a cost of living index of 93, 1.1x Danville.
Lafayette, IN has a cost of living index of 88, 1.1x Danville.
West Lafayette, IN has a cost of living index of 99, 1.2x Danville.
| City | Population | Cost Of Living | Vs. Danville |
|---|---|---|---|
| Champaign, IL | 88,343 | 93 | 1.1x |
| Lafayette, IN | 70,928 | 88 | 1.1x |
| West Lafayette, IN | 44,515 | 99 | 1.2x |
| Urbana, IL | 39,189 | 91 | 1.1x |
| Crawfordsville, IN | 16,279 | 86 | 1.0x |
| Rantoul, IL | 12,766 | 80 | 1.0x |
| Mahomet, IL | 9,297 | 100 | 1.2x |
| Savoy, IL | 8,793 | 99 | 1.2x |
| Paris, IL | 8,553 | 82 | 1.0x |
