Durham, NC (27704) is an exciting city to live in with a lot to offer. There are several companies that provide great services such as shopping, nightlife, dining and more. The average two bedroom rent is $1,190, which is lower than the national average of $1,430. The grocery cost index in Durham is 97 compared to 100 in the US. Some local companies include Target for shopping needs, Piedmont Restaurant for delicious food and drinks, Seven Knights Pub for night life entertainment and Duke University for educational opportunities. These businesses provide a variety of services from budget-friendly shopping to quality entertainment options making Durham a great place to live.
Durham (zip 27704) has an unemployment rate of 4.1%. The US average is 6.0%.
Durham (zip 27704) 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 27704)
- The Sales Tax Rate for Durham (zip 27704) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Durham (zip 27704) 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 27704)
- The average income of a Durham (zip 27704) resident is $20,834 a year. The US average is $28,555 a year.
- The Median household income of a Durham (zip 27704) resident is $53,831 a year. The US average is $69,021 a year.