Cost of Living in Danville, OH

With a cost of living index of 61, Danville, OH is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 17% below the Ohio state average of 78. Danville is a small community of 747 residents.

Housing costs are the biggest factor in Danville's cost of living. The median monthly rent is $572 (57% below the US median of $1,319), and the median home value sits at $140,300 (54% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Danville is $60,536, which is 19% lower than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Danville. The area sees an average annual temperature of 50.2°F, with summers averaging 70°F and winters around 29°F. Annual rainfall totals 41.3 inches spread over roughly 0 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.