Danville, KY Cost Of Living
Cost Of Living In Danville, KY 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 Kentucky, 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 91, with 100 being the average.
The cost of living index in Danville is 0.9x lower than the national average.
Danville ranks as the #27 cheapest in Kentucky out of 84.
Danville ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Danville is $242,603.
The median income in Danville is $53,370.
Table Of Contents
Danville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Danville, KY?
According to the most recent data on the cost of living, Danville has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Danville has a cost of living index that's 1.0x lower than Kentucky's index of 92.
The standard of living in Danville ranks as #27 most affordable out of the 84 places we measured in Kentucky. By definition, that implies Danville ranks as the #57 most expensive place in the Bluegrass State.
For more reading on life in Danville, check out:
In Kentucky
In America
Danville Cost Of Living Vs. Kentucky
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 102.
The Groceries index in Danville is 102.
The Health index in Danville is 85.
The Housing index in Danville is 79.
The Transportation index in Danville is 93.
The Utilities index in Danville is 106.
| Living Expense | Danville | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 85 | 85 | 100 | |
| Housing | 79 | 71 | 100 | |
| Transportation | 93 | 94 | 100 | |
| Utilities | 106 | 105 | 100 | |
Danville, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Danville is $242,603.
The Median Rent in Danville is $767.
The Median Income in Danville is $53,370.
The Home Value To Income in Danville is 4.5x.
The Rent To Monthly Income in Danville is 0.17x.
Median Home Value
Median Rent
Median Income
Danville, KY Costs By Category
Detailed Danville Services Costs Vs. Kentucky
Detailed Danville Groceries Costs Vs. Kentucky
Detailed Danville Health Costs Vs. Kentucky
Detailed Danville Transportation Costs Vs. Kentucky
Detailed Danville Utilities Costs Vs. Kentucky
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:
Georgetown, KY has a cost of living index of 100, 1.1x Danville.
Richmond, KY has a cost of living index of 92, 1.0x Danville.
Nicholasville, KY has a cost of living index of 92, 1.0x Danville.
| City | Population | Cost Of Living | Vs. Danville |
|---|---|---|---|
| Georgetown, KY | 38,206 | 100 | 1.1x |
| Richmond, KY | 35,498 | 92 | 1.0x |
| Nicholasville, KY | 31,625 | 92 | 1.0x |
| Frankfort, KY | 28,452 | 93 | 1.0x |
| Shelbyville, KY | 17,436 | 97 | 1.1x |
| Berea, KY | 15,557 | 91 | 1.0x |
| Lawrenceburg, KY | 11,838 | 91 | 1.0x |
| Versailles, KY | 10,382 | 98 | 1.1x |
| Paris, KY | 10,107 | 89 | 1.0x |
| Harrodsburg, KY | 9,126 | 86 | 0.9x |
