Cost of Living in Danville, IL
Population: 28,663 • 2026 Data
$44,239
Median Household Income
-43% vs national
$809
Median Monthly Rent
-40% vs national
$76,800
Median Home Value
-77% vs national
8.9%
Unemployment Rate
Housing in Danville
The median home value in Danville, IL is $76,800. Monthly rent for a typical unit averages $809, while total monthly housing costs (including utilities and insurance) average $720.
Rent-to-income ratio: 21.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Danville, IL is $44,239. The unemployment rate stands at 8.9%, with a labor force of 11,492 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.