Durham-Chapel Hill, NC Metro Area is a bustling area with both great economic and cultural opportunities. The average rent cost for two bedrooms is $1,260 compared to the national average of $1,430. This makes it an attractive place for those looking to save money while still enjoying access to the amenities associated with a big city. Additionally, local grocery costs index at 99 versus 100 for the rest of the US, making food and other necessities more affordable in Durham-Chapel Hill. Popular companies located here are Red Hat Software, Business Forward Technologies, Duke University Hospital System, and GSK Pharmaceuticals among others. With its competitive living costs and strong local economy, Durham-Chapel Hill is a great place to live or visit.
Durham-Chapel Hill Metro Area has an unemployment rate of 3.8%. The US average is 6.0%.
Durham-Chapel Hill Metro Area has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 41.4%, which is higher than the US average of 33.5%.
Tax Rates for Durham-Chapel Hill Metro Area
- The Sales Tax Rate for Durham-Chapel Hill Metro Area is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Durham-Chapel Hill Metro Area is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Durham-Chapel Hill Metro Area
- The average income of a Durham-Chapel Hill Metro Area resident is $40,502 a year. The US average is $37,638 a year.
- The Median household income of a Durham-Chapel Hill Metro Area resident is $68,913 a year. The US average is $69,021 a year.