Housing costs in Durham?
A typical home costs
$396,100, which is 17.2% more expensive than the national average of
$338,100 and 36.9% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham costs
$1,150 per month, which is 3.6% more than the national average of
$1,110 and 9.6% cheaper than the state average of
$1,260.
Can I afford Durham?
To live comfortably in Durham (zip 27701), North Carolina, a minimum annual income of
$75,960 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Durham?
The cost of living in 27701 Durham, NC is moderately high compared to the national average. According to recent data from BestPlaces, the cost of groceries in Durham is 8% higher than the US average and healthcare costs are 13% higher. The median home price for a single-family home in 27701 is also higher than the national median at $246,000. However, rent prices are slightly below the US median with one-bedroom apartments averaging around $1,000 per month. Overall, living in 27701 Durham can be costly yet still affordable depending on your lifestyle and budget.