Durham, NC (27701) is a great place for those seeking affordable rent and relatively low grocery expenses. According to data collected, 2 bedroom rent in Durham is just $1,150 compared to the US average of $1,430. Additionally, grocery cost index in Durham is 100 versus the US average of 100.
Living in Durham provides residents with countless amenities such as excellent local restaurants like Bull City Burger & Brewery or The Federal restaurant. There are also numerous shopping options available such as Southpoint Mall or The Streets at Southpoint, offering a variety of retailers ranging from department stores to specialty shops. The various attractions make Durham an ideal location for those looking for something fun to explore while saving money in the process.
Durham (zip 27701) has an unemployment rate of 4.1%. The US average is 6.0%.
Durham (zip 27701) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 43.3%, which is higher than the US average of 33.5%.
Tax Rates for Durham (zip 27701)
- The Sales Tax Rate for Durham (zip 27701) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Durham (zip 27701) 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 (zip 27701)
- The average income of a Durham (zip 27701) resident is $22,274 a year. The US average is $28,555 a year.
- The Median household income of a Durham (zip 27701) resident is $51,240 a year. The US average is $69,021 a year.