Durham, NC (27703) is a great place to live with plenty of local companies and affordable housing. With the city's population standing at around 260,000 people, it is one of the larger cities in North Carolina. The average 2 bedroom rent in Durham is $1,110 compared to the US average of $1,430 making it an attractive option for renters. Furthermore, grocery cost index in Durham is 97 compared to 100 in the US which means groceries are significantly cheaper than most other places. Local companies include Duke University and Health System, First Citizens Bank and Trust Company, Univar Solutions Inc., and more.
Durham (zip 27703) has an unemployment rate of 4.1%. The US average is 6.0%.
Durham (zip 27703) 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 (zip 27703)
- The Sales Tax Rate for Durham (zip 27703) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Durham (zip 27703) 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 (zip 27703)
- The average income of a Durham (zip 27703) resident is $24,280 a year. The US average is $28,555 a year.
- The Median household income of a Durham (zip 27703) resident is $73,550 a year. The US average is $69,021 a year.