Durham, NC is a great place to live and work. Home to many large companies such as Duke Energy, GlaxoSmithKline, and Blue Cross Blue Shield of North Carolina, Durham is a popular destination for businesses and individuals alike. The cost of living in Durham is quite reasonable with an average two bedroom rent being only $1,320 per month compared to the national average of $1,430. Additionally, the grocery cost index in Durham is 99 versus 100 for the US as a whole. This makes it easier to budget for groceries while living in Durham. Overall living in this city provides access to great jobs while still keeping costs low.
Durham has an unemployment rate of 4.1%. The US average is 6.0%.
Durham has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 43.3%, which is higher than the US average of 33.5%.
Tax Rates for Durham
- The Sales Tax Rate for Durham is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Durham is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Durham
- The average income of a Durham resident is $29,051 a year. The US average is $28,555 a year.
- The Median household income of a Durham resident is $66,623 a year. The US average is $69,021 a year.