Durham, NY is a great place to live and work. It is home to many local companies such as Durham Brothers Construction, Durham Martial Arts Academy, and The Durham County Library. The cost of living in Durham is quite reasonable compared to other areas of the country. For example, the average rent for a two-bedroom apartment in Durham is $1,150 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Durham is 101 versus 100 in the US which demonstrates that groceries are slightly more expensive in Durham than elsewhere but still relatively inexpensive overall.
Durham has an unemployment rate of 6.5%. The US average is 6.0%.
Durham has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Durham
- The Sales Tax Rate for Durham is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Durham is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Durham
- The average income of a Durham resident is $29,670 a year. The US average is $37,638 a year.
- The Median household income of a Durham resident is $56,845 a year. The US average is $69,021 a year.