Cost of Living in Danville, KY

Housing

The housing market plays a significant role in determining the cost of living in Danville, KY.

• Housing Index: 75.0 / 100
• Median Home Price is: $187000
• Average Rent (2 BR Apartment): $960 per month
• Average Rent (2 BR House): $1024 per month

Considering a move to Danville, KY? With a population of , the median age of 36.4 suggests a balanced mix of youth and experience, which can create a vibrant community. The median income stands at , but keep in mind that about 15% of residents live below the poverty level, which might affect local amenities and services. Additionally, a 4.1% unemployment rate indicates a relatively stable job market. With 31% of the population in married families, this may be an ideal environment for families. Weigh these factors carefully in your decision-making!

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Danville, KY.

• Electricity Price: 12.87 USD (median by state)
• Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Danville, KY could entail higher utility costs. Electricity costs sit at 12.87, while natural gas is priced at 22.78 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 87.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $48038

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Danville, KY, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.