Housing costs in Durham?
A typical home costs
$363,400, which is 7.5% more expensive than the national average of
$338,100 and 25.6% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham costs
$1,110 per month, which is 0.0% cheaper than the national average of
$1,110 and 13.5% cheaper than the state average of
$1,260.
Can I afford Durham?
To live comfortably in Durham (zip 27703), North Carolina, a minimum annual income of
$69,480 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Durham?
The cost of living in 27703 Durham, NC is relatively affordable compared to many other cities in the United States. According to data from BestPlaces, the cost of living index is slightly lower than the national average at 91.31, while rent overall is 14% lower than the national average as well. Additionally, groceries and restaurants are also relatively inexpensive, with groceries being 4% cheaper and restaurants 6% cheaper than the national average. This makes it an ideal place for those looking for a more affordable lifestyle without sacrificing quality of life.