Cost of Living in Danville, IL
Housing
The housing market plays a significant role in determining the cost of living in Danville, IL.
- Housing Index: 90.0 / 100
- Median Home Price is: $115,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
Analyzing the housing data for Danville, IL, we see a housing index of 90.0, indicating moderate affordability compared to the national average. With a median home price of 115000, purchasing might be a viable option for many residents. Additionally, average rents are relatively accessible—1200 for a 2-bedroom apartment and 1300 for a 2-bedroom house. This balance suggests that whether you prefer renting or buying, options remain feasible for various budgets. It’s essential to consider local amenities, job opportunities, and lifestyle needs before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Danville, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Danville, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Danville is a financially viable option for your relocation.