Danville, VA Cost Of Living
Cost Of Living In Danville, VA 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 Virginia, 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 83, with 100 being the average.
The cost of living index in Danville is 0.8x lower than the national average.
Danville ranks as the #7 cheapest in Virginia out of 186.
Danville ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Danville is $91,800.
The median income in Danville is $38,904.
Table Of Contents
Danville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Danville, VA?
According to the most recent data on the cost of living, Danville has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Virginia, Danville has a cost of living index that's 0.8x lower than Virginia's index of 102.
The standard of living in Danville ranks as #7 most affordable out of the 186 places we measured in Virginia. By definition, that implies Danville ranks as the #179 most expensive place in the Old Dominion.
For more reading on life in Danville, check out:
- Living In Danville
- Danville Crime Report
- Search Homes For Sale In Danville, VA
In Virginia
In America
Danville Cost Of Living Vs. Virginia
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 91.
The Groceries index in Danville is 89.
The Health index in Danville is 105.
The Housing index in Danville is 55.
The Transportation index in Danville is 85.
The Utilities index in Danville is 104.
| Living Expense | Danville | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 83 | 102 | 100 | |
| Services | 91 | 102 | 100 | |
| Groceries | 89 | 98 | 100 | |
| Health | 105 | 102 | 100 | |
| Housing | 55 | 107 | 100 | |
| Transportation | 85 | 95 | 100 | |
| Utilities | 104 | 102 | 100 | |
Danville, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, 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 $91,800.
The Median Rent in Danville is $733.
The Median Income in Danville is $38,904.
The Home Value To Income in Danville is 2.4x.
The Rent To Monthly Income in Danville is 0.23x.
| Statistic | Danville | Virginia | United States |
|---|---|---|---|
| Median Home Value | $91,800 | $295,500 | $244,900 |
| Median Rent | $733 | $1,326 | $1,163 |
| Median Income | $38,904 | $80,615 | $69,021 |
| Home Value To Income | 2.4x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Danville, VA Costs By Category
Detailed Danville Services Costs Vs. Virginia
Detailed Danville Groceries Costs Vs. Virginia
Detailed Danville Health Costs Vs. Virginia
Detailed Danville Transportation Costs Vs. Virginia
Detailed Danville Utilities Costs Vs. Virginia
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:
Greensboro, NC has a cost of living index of 92, 1.1x Danville.
Chapel Hill, NC has a cost of living index of 118, 1.4x Danville.
Carrboro, NC has a cost of living index of 111, 1.3x Danville.
| City | Population | Cost Of Living | Vs. Danville |
|---|---|---|---|
| Greensboro, NC | 295,483 | 92 | 1.1x |
| Chapel Hill, NC | 60,920 | 118 | 1.4x |
| Carrboro, NC | 21,237 | 111 | 1.3x |
| Mebane, NC | 17,192 | 95 | 1.1x |
| Eden, NC | 15,317 | 79 | 1.0x |
| Reidsville, NC | 14,463 | 83 | 1.0x |
| Elon, NC | 11,059 | 104 | 1.3x |
| Summerfield, NC | 11,026 | 118 | 1.4x |
| Hillsborough, NC | 9,342 | 95 | 1.1x |
| Gibsonville, NC | 8,684 | 92 | 1.1x |
