Housing costs in Durham?
A typical home costs
$283,900, which is 16.0% less expensive than the national average of
$338,100 and 1.9% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham costs
$1,190 per month, which is 7.2% more than the national average of
$1,110 and 5.9% cheaper than the state average of
$1,260.
Can I afford Durham?
To live comfortably in Durham (zip 27704), North Carolina, a minimum annual income of
$54,360 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Durham?
The cost of living in 27704 Durham, NC is relatively high. According to the BestPlaces Cost of Living Index, it is one of the highest-ranked cities in the US with an index score of 155.7. Housing prices are particularly expensive, with a median listing price of $269,900 as well as a median rent price of $1,615 per month. Other factors such as food and transportation costs are also above average, making it more expensive than other areas in North Carolina. Despite these costs, many people choose to live in 27704 Durham due to its bustling economy and vibrant culture.