Housing costs in Durham?
A typical home costs
$382,000, which is 13.0% more expensive than the national average of
$338,100 and 32.0% more expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Durham costs
$1,340 per month, which is 20.7% more than the national average of
$1,110 and 6.0% more than the state average of
$1,260.
Can I afford Durham?
To live comfortably in Durham (zip 27707), North Carolina, a minimum annual income of
$73,080 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Durham?
The cost of living in 27707 Durham, NC is higher than the national and state averages. According to BestPlaces, the overall cost of living index in Durham is 110.68 (compared to the US average of 100). Goods and services are about 10% more expensive in this area than the US average. Housing is especially expensive, with an index score of 131.71 (30.71% higher than the US average). Rental prices in Durham are similarly steep, with a BestPlaces score of 145.2 – almost 45% higher than the national average. Despite these high prices, residents in 27707 enjoy a robust economy and numerous job opportunities, making it an attractive place to live for those who can afford it.