Cost of Living in Danville, IL
Population 28,663 · Illinois · Data vintage 2023
(100 = US avg)
Household incomes in Danville run well below national norms — a median of $44,239 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $77,000). A poverty rate near 25% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Danville lies roughly 80 miles west of the nearest major metro, Carmel — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 83% lower than Carmel's $456,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Danville
The median home value in Danville is $76,800 — 75% below the national median of $305,000. Median rent runs $809/month, 38% lower than the national median of $1,314/month. The median household income of $44,239/year is 41% lower than the US median of $74,580. The local unemployment rate is 8.9%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Danville has a cost of living index of 40 versus the US average of 100, meaning it is 60% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Danville, IL?
Danville has a cost index of 40 (100 = national average). It is 60% below the national average.
What is average rent in Danville, IL?
The median gross rent in Danville is $809 per month based on 2023 Census data.
What is the average home price in Danville?
The median home value in Danville is $76,800 according to Zillow and Census data.
What is the median income in Danville?
The median household income in Danville is $44,239 per year (2023 ACS 5-year estimates).
What is the sales tax in Danville, IL?
The combined state and local sales tax rate in Danville is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Danville, IL affordable?
Yes, Danville is generally considered affordable, with a cost of living index of 40 — about 60% below the US national average of 100.
Danville at a Glance
- Population
- 28,663
- Median Income
- $44,239
- Home Value
- $76,800
- Median Rent
- $809/mo
- Unemployment
- 8.9%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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