Durham, NC (27705) is a great city in North Carolina with plenty to offer. Theres is a wide variety of local businesses in the area, ranging from restaurants and boutiques to tech companies such as RedHat Inc. and Citrix Systems. With a vibrant economy and great job opportunities, it's no wonder why people love living here. The two-bedroom rent in Durham is $1,250, which is significantly lower than the US average of $1,430. Grocery costs are also lower than the national average; the grocery cost index in Durham is 101 compared to 100 in the US. All these factors make Durham an attractive place for people looking for an affordable lifestyle without compromising on quality of life.
Durham (zip 27705) has an unemployment rate of 4.1%. The US average is 6.0%.
Durham (zip 27705) 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 27705)
- The Sales Tax Rate for Durham (zip 27705) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Durham (zip 27705) 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 27705)
- The average income of a Durham (zip 27705) resident is $42,694 a year. The US average is $37,638 a year.
- The Median household income of a Durham (zip 27705) resident is $58,350 a year. The US average is $69,021 a year.