Danville, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 92, with 100 being the average.

  • The cost of living index in Danville is 0.9x lower than the national average.

  • Danville ranks as the #48 cheapest in Kentucky out of 85.

  • Danville ranks as the #1,974 cheapest out of 6,412 in the US.

  • The median home value in Danville is $149,200.

  • The median income in Danville is $44,026.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
92
Danville's Overall Cost Of Living
0.9x
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 92, 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 94.

The standard of living in Danville ranks as #48 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Danville ranks as the #37 most expensive place in the Bluegrass State.

For more reading on life in Danville, check out:

48 out of 85
In Kentucky
1,974 out of 6,412
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 101.

  • The Groceries index in Danville is 90.

  • The Health index in Danville is 82.

  • The Housing index in Danville is 74.

  • The Transportation index in Danville is 91.

  • The Utilities index in Danville is 102.

Living Expense Danville Kentucky National Average
Overall 92 94 100
Services 101 105 100
Groceries 90 97 100
Health 82 79 100
Housing 74 75 100
Transportation 91 102 100
Utilities 102 106 100
For more reading on cost of living around Kentucky, check out:
Danville Cost of Living Vs. KY

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 2017-2021. The key points are:

  • The Median Home Value in Danville is $149,200.

  • The Median Rent in Danville is $732.

  • The Median Income in Danville is $44,026.

  • The Home Value To Income in Danville is 3.4x.

  • The Rent To Monthly Income in Danville is 0.2x.

Statistic Danville Kentucky United States
Median Home Value $149,200 $155,100 $244,900
Median Rent $732 $826 $1,163
Median Income $44,026 $55,454 $69,021
Home Value To Income 3.4x 2.8x 3.5x
Rent To Monthly Income 0.2x 0.18x 0.2x
Search Homes For Sale In Danville, KY
$149,200
Median Home Value
$732
Median Rent
$44,026
Median Income

Danville, KY Costs By Category

Detailed Danville Services Costs Vs. Kentucky

Item Danville Kentucky
Shampoo $0.94 $1.06
Movie $9.56 $10.68
Bowling $15.2 $14.67
Haircut $17.72 $18.62
Beauty Salon $37.9 $39.05

Detailed Danville Groceries Costs Vs. Kentucky

Item Danville Kentucky
Ground Beef $4.12 $4.22
Fried Chicken $1.11 $1.39
Milk $1.64 $2.05
Potatoes $2.9 $3.29
Pizza $10.33 $10.62
Beer $9.29 $9.38
Toothpaste $1.74 $2.34

Detailed Danville Health Costs Vs. Kentucky

Item Danville Kentucky
Optometrist $74.07 $108.57
Doctor $82.39 $116.17
Dentist $76.8 $99.13

Detailed Danville Transportation Costs Vs. Kentucky

Item Danville Kentucky
Gasoline $2.08 $2.22
Tire Balancing $44.57 $50.07

Detailed Danville Utilities Costs Vs. Kentucky

Item Danville Kentucky
All Electricity $157.57 $167.67
Phone $206.48 $175.64

Danville SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
6
Diversity
8
Safety
8
Amenities
8
Education
7
Commute
9

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 92, 1.0x 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 36,281 92 1.0x
Richmond, KY 34,662 92 1.0x
Nicholasville, KY 31,066 92 1.0x
Frankfort, KY 28,479 89 1.0x
Shelbyville, KY 16,932 94 1.0x
Berea, KY 15,465 90 1.0x
Lawrenceburg, KY 11,675 89 1.0x
Paris, KY 10,202 88 1.0x
Versailles, KY 10,196 91 1.0x
Harrodsburg, KY 8,952 83 0.9x

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