Housing costs in Danville?
A typical home costs
$72,700, which is 78.5% less expensive than the national average of
$338,100 and 69.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Danville costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 38.5% cheaper than the state average of
$1,260.
Can I afford Danville?
To live comfortably in Danville, Illinois, a minimum annual income of
$14,040 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Danville?
The cost of living in Danville, IL is lower than the U.S. average and is quite affordable compared to other mid-sized cities in the state. The median home value in Danville is roughly $101,400 which is well below the national median home value of approximately $185,000. The median rental rate in Danville is around $764 per month which is also significantly lower than the U.S. median rent of about $949 per month. Groceries, transportation, healthcare, and utilities are all at about the same price as or slightly lower than the national average making it easy for residents to make ends meet without spending a fortune.