Cost of Living in Danville, KY

Population 17,235 · Kentucky · Data vintage 2023

63
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Danville a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $202,000. Unemployment has stayed elevated relative to the national figure — 6.9% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Danville is about 35 miles southwest of Lexington-Fayette urban county, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 26% lower than Lexington-Fayette urban county's $272,000.

Cost Overview

Housing 66
Rent 58

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Danville

The median home value in Danville is $202,200 — 34% below the national median of $305,000. Median rent runs $767/month, 42% lower than the national median of $1,314/month. The median household income of $53,370/year is 28% lower than the US median of $74,580. The local unemployment rate is 6.9%, above the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Danville has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.

🏠 Housing

Median Home Value
$202,200
34% below avg
Zillow Home Value
$243,756
Zillow ZHVI
Median Rent
$767/mo
42% below avg
Zillow Rent
$995/mo
Zillow ZORI
Price-to-Rent Ratio
22.0x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$636
1 BR
$721
2 BR
$872
3 BR
$1,187
4 BR
$1,336
Owner-occupied 57.5%
Renter-occupied 42.5%

💰 Estimated Monthly Budget

Rent median rent
$767
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,381/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
21.3 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.3%

Commute Mode

Drove alone
74.8%
Carpooled
10.2%
Public transit
0.4%
Walked
5.7%
Work from home
8.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.0%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$53,370
28% below avg
Per Capita Income
$29,082
Unemployment Rate
6.9%
44% above avg
Poverty Rate
15.1%
Labor Force Participation
57.0%

🎓 Education

Bachelor's degree+ 14.3%
Graduate degree 12.2%

👥 Demographics

Median Age 36
Male median age 33.6
Female median age 38.8

🏫 Schools

NCES CCD 2019 — public school district data

92.9%
4-Year Graduation Rate
15.2:1
Student-teacher ratio
12
Public schools
4,788
Total enrollment

Frequently Asked Questions

What is the cost of living in Danville, KY?

Danville has a cost index of 63 (100 = national average). It is 37% below the national average.

What is average rent in Danville, KY?

The median gross rent in Danville is $767 per month based on 2023 Census data.

What is the average home price in Danville?

The median home value in Danville is $202,200 according to Zillow and Census data.

What is the median income in Danville?

The median household income in Danville is $53,370 per year (2023 ACS 5-year estimates).

What is the sales tax in Danville, KY?

The combined state and local sales tax rate in Danville is 6.0%. The Kentucky state income tax top rate is 4.0%.

Is Danville, KY affordable?

Yes, Danville is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.

Danville at a Glance

Population
17,235
Median Income
$53,370
Home Value
$202,200
Median Rent
$767/mo
Unemployment
6.9%
Sales Tax
6.0%
View all cities in Kentucky →
🗺️ County data for Kentucky

Explore county-level cost of living data

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