Danville, VA Economy


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Danville, VA is a small city located in Southern Virginia with a population of approximately 43,000 residents. The cost of living in Danville is lower than the US average, which can be seen in the rental prices for two-bedroom apartments at $830 compared to the US average at $1,430. Additionally, the grocery cost index in Danville is 93 versus 100 across the US. This makes it an attractive option for those seeking more affordable rates on housing and groceries. Businesses that are popular in Danville include local companies such as its natural gas provider Dan River Inc., and homebuilder Piedmont Real Estate Investments LLC. The lower cost of living makes it an attractive option for people who are looking for an affordable place to live with easy access to amenities.

Danville has an unemployment rate of 7.9%. The US average is 6.0%.

Danville has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.

Tax Rates for Danville
- The Sales Tax Rate for Danville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Danville is 5.8%. 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 $24,535 a year. The US average is $37,638 a year.
- The Median household income of a Danville resident is $38,904 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDanville, VirginiaUnited States
  7.96
  -5.0%-6.2%
  23.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $24,535$37,638
  $38,904$69,021
  $51,937$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.7%6.8%
  15.2%10.0%
  1.3%2.5%
  14.4%11.0%
  3.6%4.8%
  0.4%0.8%
  0.6%1.9%
  2.2%4.7%
  0.7%1.9%
  2.6%7.6%
  0.3%0.1%
  4.9%4.2%
  8.0%9.3%
  20.9%14.0%
  0.9%2.1%
  8.2%7.0%
  4.0%4.8%
  5.1%4.7%
Reviews for Danville
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I have lived in Danville all of my life(almost 30 years). This town has been through some ups and downs but as I get older, I have realized how great of a town that  More

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Danville is in a state of revival. Its beautiful river and numerous parks, its quiet walks and enviable sunsets are but a few of the natural amenities the city offers.  More

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In my opinion, all of Danville's problems are rooted in their poorly managed government infrastructure. I have been here for 3 months and the entire time I've been here,  More

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