Danville Metro Area, KY Economy


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United States / Kentucky / Danville Metro Area / Counties / Cities / Zip Codes
equestId":"d9ea8e59-e9f2-4a8c-af20-607f70700b4f","resource":"content","data":[{"id":"txt_6f9a12cc15dd4f6e8fd15fb61a18ad35","text":", government entities, and local attractions\n \nDanville, KY Metro Area is a great place to live. The 2 bedroom rent is significantly lower than the US national average, making it an affordable city. Additionally, the Grocery Cost Index in Danville is much lower than the US. There are many thriving local businesses and large companies in Danville like Denyo Manufacturing Company, Ephraim McDowell Regional Medical Center, and Wabash Valley Communications. Government entities such as State Farm Insurance and Boyle County Public Libraries are servicing residents in Danville. There are various wonderful attractions such as Constitution Square State Historic Site and McDowell House Museum that make Danville a culturally rich community to call home.

Danville Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.

Danville Metro Area has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.

Tax Rates for Danville Metro Area
- The Sales Tax Rate for Danville Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Danville Metro Area is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Danville Metro Area
- The average income of a Danville Metro Area resident is $20,473 a year. The US average is $28,555 a year.
- The Median household income of a Danville Metro Area resident is $50,520 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDanville, KentuckyUnited States
  5.76
  -3.9%-6.2%
  36.0%33.5%
  6.0%6.2%
  7.0%4.6%
  $25,294$37,638
  $50,520$69,021
  $60,297$85,028
  Population by Occupation
  2.4%1.2%
  0.4%0.5%
  5.8%6.8%
  16.5%10.0%
  1.9%2.5%
  12.8%11.0%
  4.4%4.8%
  1.5%0.8%
  2.9%1.9%
  2.2%4.7%
  0.8%1.9%
  2.8%7.6%
  0.2%0.1%
  2.5%4.2%
  12.3%9.3%
  15.2%14.0%
  1.3%2.1%
  5.8%7.0%
  4.0%4.8%
  4.3%4.7%
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