Vermilion County · Illinois · Midwest · 29k residents
Danville, IL: economy, jobs & business costs
The site-selection read on Danville: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,069/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare Danville side by side
Avg. weekly wage
$1,069/wk
Corporate income tax
9.5%
Bachelor's degree or higher
19%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast Danville's economy is moving, ranked against the US cities we track.
8/100
Cooling
Ranks Danville's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $79,000 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $448/mo |
| 2-bedroom rent | $873/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,069/wk |
| Bachelor's degree or higher | 19% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 17.9/1k |
| Wage: Software developer | $132,110 |
| Wage: Registered nurse | $95,990 |
| Wage: General manager | $103,570 |
| Wage: Customer service | $46,130 |
| Wage: Warehouse worker | $37,680 |
| Wage: Heavy truck driver | $60,320 |
| Wage: Electrician | $99,560 |
| Wage: Retail salesperson | $35,370 |
| Cost of living index | 76 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $45,957 |
| Unemployment rate | 4.7% |
| Population | 29k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 79/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 85°F |
| January low | 20°F |
| Annual snowfall | — |
| Home price YoY | -2.6% |
| Home price MoM | -0.2% |
| Rent YoY | +5.2% |
| Rent MoM | -0.5% |
| Employment (jobs) YoY | -1.4% |
| Building permits YoY | — |
| Ocean coast | 656 mi |
| Big lake | 104 mi |
| Mountains | 244 mi |
| Major airport | 76 mi |
| Ski resort | 160 mi |
Popular comparisons
Nearby
- Urbana, IL · 39k
- Champaign, IL · 90k
- Charleston, IL · 17k
- Mattoon, IL · 17k
- Kankakee, IL · 24k
Similar size
- Burbank, IL · 29k
- Lake in the Hills, IL · 29k
- Glen Ellyn, IL · 28k
- Lansing, IL · 28k
- McHenry, IL · 28k
Real listings in Danville
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Danville a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $1,069/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Danville, IL?
- Danville indexes at 76 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $873/mo and a acs median home value of $79,000.
- How much does a house cost in Danville?
- The acs median home value in Danville is $79,000 (Census ACS estimate; individual listings vary).
- How much is rent in Danville?
- A two-bedroom in Danville rents for about $873/mo.