Housing costs in Durham?
A typical home costs
$410,900, which is 21.5% more expensive than the national average of
$338,100 and 13.5% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Durham costs
$1,590 per month, which is 11.2% more than the national average of
$1,430 and 4.4% cheaper than the state average of
$1,660.
Can I afford Durham?
To live comfortably in Durham, Connecticut, a minimum annual income of
$78,840 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Durham?
Durham, CT has a reasonable cost of living relative to the surrounding area. According to BestPlaces, the overall cost of living index in Durham is rated 78.9, which is lower than the U.S. average rating of 100. Living expenses in Durham are more affordable than other locations in Connecticut, with the average cost of housing being around $835 per month compared with an average rent of $1,200 for other parts of Connecticut. On top of that, food costs are slightly lower than the national average and utility bills tend to be more affordable as well. All these factors combined make it easy to live comfortably on a budget when living in Durham, CT.