Housing costs in Durham-Chapel Hill?
A typical home costs
$381,000, which is 12.7% more expensive than the national average of
$338,100 and 31.7% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham-Chapel Hill costs
$1,260 per month, which is 11.9% cheaper than the national average of
$1,430 and 11.9% more than the state average of
$1,110.
Can I afford Durham-Chapel Hill?
To live comfortably in Durham-Chapel Hill North Carol Metro Area, North Carolina, a minimum annual income of
$73,080 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Durham-Chapel Hill?
The cost of living in Durham-Chapel Hill, NC Metro Area is slightly higher than the US average. The median house value in this area is $381,000, which is notably higher than the US national average of $338,100. Additionally, the cost of living index in Durham-Chapel Hill is 101.7 compared to the U.S. average 100, indicating that the cost of goods and services are more expensive in this metro area. Therefore, while it may be a desirable place to live with its generally high quality of life and stunning scenery, potential residents should be prepared for a slightly higher cost of living than other areas around the United States.