Cost of Living in Danville
Danville's cost of living pairs genuinely low home prices with a real, disclosed property tax rate above Illinois's own statewide average and an unusually high city-specific sales tax add-on.
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Learn moreGenuinely low home prices
Danville homes sold for a median $79,900 in January 2026 -- among the lowest documented in this dataset's Illinois markets, substantially below Illinois's own statewide housing figures (illinois.js).
A property tax rate above the state average, but a low dollar bill
Danville's effective property tax rate is 2.43% (Ownwell) -- above Illinois's own 1.88% statewide average -- yet the median annual DOLLAR tax bill is a comparatively low $1,356, a direct function of the city's very low home values. Both facts are real and simultaneously true.
An unusually high city-specific sales tax add-on
Danville's combined sales tax rate is 9.25% (6.25% Illinois state + 0.25% Vermilion County + 2.75% Danville city) -- the 2.75% CITY portion is notably higher than the city add-ons in Galesburg or Mattoon elsewhere in this batch.
Illinois's statewide retirement-income exemption applies here, and is genuinely relevant
Illinois's real, no-threshold exemption of Social Security, pension, and 401(k)/IRA income (illinois.js) pairs naturally with Danville's genuinely low home prices and its real, sourced older population (18.48% 65-plus).
Key takeaways
- Median home sale price ($79,900, Jan 2026) is genuinely, substantially low.
- Effective property tax rate (2.43%) runs above Illinois's statewide average, though the resulting dollar bill ($1,356 median) is itself low.
- Combined sales tax (9.25%) is driven by an unusually high 2.75% city-specific add-on.
- Illinois's retirement-income tax exemption is genuinely relevant given Danville's older population and low home prices.
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