Cost of Living in Danville, VA

Population 42,239 · Virginia · Data vintage 2023

46
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Danville's median household income of $42,778 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (25% here).

Danville is about 40 miles northeast of Greensboro, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 50% lower than Greensboro's $221,000.

Cost Overview

Housing 36
Rent 61

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

About the Cost of Living in Danville

The median home value in Danville is $110,200 — 64% below the national median of $305,000. Median rent runs $808/month, 39% lower than the national median of $1,314/month. The median household income of $42,778/year is 43% lower than the US median of $74,580. The local unemployment rate is 4.9%, above the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 69.8°F and lows of 46.7°F, with about 7.6" of annual snowfall. Overall, Danville has a cost of living index of 46 versus the US average of 100, meaning it is 54% less expensive.

🏠 Housing

Median Home Value
$110,200
64% below avg
Zillow Home Value
$152,032
Zillow ZHVI
Median Rent
$808/mo
39% below avg
Zillow Rent
$1,144/mo
Zillow ZORI
Price-to-Rent Ratio
11.4x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 49.0%
Renter-occupied 51.0%

💰 Estimated Monthly Budget

Rent median rent
$808
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,422/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
21.9 min
19% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.0%

Commute Mode

Drove alone
77.0%
Carpooled
10.7%
Public transit
1.6%
Walked
1.2%
Work from home
8.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$42,778
43% below avg
Per Capita Income
$27,537
Unemployment Rate
4.9%
3% above avg
Poverty Rate
25.0%
Labor Force Participation
52.1%

🎓 Education

Bachelor's degree+ 11.0%
Graduate degree 7.3%

👥 Demographics

Median Age 40.8
Male median age 36.6
Female median age 43.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.8°F
Avg Low
46.7°F
Annual Precip
43.7"
Annual Snowfall
7.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885898781716152
Low °F 283037455463676659463630
Precip" 3.412.733.533.534.133.984.883.474.253.303.463.06
Snow" 2.52.51.50.00.00.00.00.00.00.00.01.1

🏫 Schools

NCES CCD 2019 — public school district data

76%
4-Year Graduation Rate
14.7:1
Student-teacher ratio
14
Public schools
5,702
Total enrollment

Frequently Asked Questions

What is the cost of living in Danville, VA?

Danville has a cost index of 46 (100 = national average). It is 54% below the national average.

What is average rent in Danville, VA?

The median gross rent in Danville is $808 per month based on 2023 Census data.

What is the average home price in Danville?

The median home value in Danville is $110,200 according to Zillow and Census data.

What is the median income in Danville?

The median household income in Danville is $42,778 per year (2023 ACS 5-year estimates).

What is the sales tax in Danville, VA?

The combined state and local sales tax rate in Danville is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Danville, VA affordable?

Yes, Danville is generally considered affordable, with a cost of living index of 46 — about 54% below the US national average of 100.

What is the weather like in Danville?

Danville has average high temperatures of 69.8°F and average lows of 46.7°F. Annual precipitation is 43.7". Average annual snowfall is 7.6". Data from NOAA 1991–2020 Climate Normals.

Danville at a Glance

Population
42,239
Median Income
$42,778
Home Value
$110,200
Median Rent
$808/mo
Unemployment
4.9%
Avg High Temp
69.8°F
Sales Tax
5.6%
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