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: $187,000
- 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 Danville is a financially viable option for your relocation.