Danville, KY is a friendly small town located in Boyle County. It has a population of around 16,400 people and offers an affordable cost of living for families or individuals. The average rent for a 2 bedroom apartment or house in Danville is around $770 per month which is significantly lower than the national average rent of $1,430 for two bedrooms. Additionally, the cost of groceries in Danville is 96 compared to 100 nationally on the Grocery Cost Index, allowing residents to save money when they shop. There are a number of local companies such as Ephraim McDowell Health Center and Community Trust Bank that offer employment opportunities to residents. In general, people who live in Danville enjoy lower costs for housing and food compared to the national averages.
Danville (zip 40422) has an unemployment rate of 5.5%. The US average is 6.0%.
Danville (zip 40422) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Danville (zip 40422)
- The Sales Tax Rate for Danville (zip 40422) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Danville (zip 40422) 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 (zip 40422)
- The average income of a Danville (zip 40422) resident is $27,831 a year. The US average is $37,638 a year.
- The Median household income of a Danville (zip 40422) resident is $53,825 a year. The US average is $69,021 a year.