Danville, IL is a great place to live for those looking for an affordable cost of living. Residents benefit from rent prices that are significantly lower than the national average, with 2 bedroom apartments costing $910 compared to $1,430 across the US. Additionally, grocery expenses are relatively inexpensive in Danville with an index of 90 versus 100 in the US. This makes it easier to save money and enjoy a higher quality of life. The city of Danville is home to many businesses and organizations such as OSF HealthCare, Bement Industries Inc., First Midwest Bank, and Illinois Life Insurance Company. With its friendly community and lower cost of living, Danville is a great place for families and individuals to call home.
Danville has an unemployment rate of 8.0%. The US average is 6.0%.
Danville has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Danville
- The Sales Tax Rate for Danville is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Danville is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Danville
- The average income of a Danville resident is $18,925 a year. The US average is $28,555 a year.
- The Median household income of a Danville resident is $39,230 a year. The US average is $69,021 a year.