27712 Durham, NC has an average two bedroom rent of $1,620 which is 7.3% higher than the national average of $1,430. Additionally, the Grocery Cost Index in 27712 Durham, NC is 99 versus 100 in the US sending the message that groceries are slightly cheaper in this area. This area is home to some great local businesses such as The Boot, a bar and restaurant located in downtown Durham; Chubby's Tacos, a local favorite Mexican restaurant; and The Art Factory, a live music venue located on Foster Street. All of these business provide locals with unique experiences and delicious food.
Durham (zip 27712) has an unemployment rate of 4.1%. The US average is 6.0%.
Durham (zip 27712) 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 43.3%, which is higher than the US average of 33.5%.
Tax Rates for Durham (zip 27712)
- The Sales Tax Rate for Durham (zip 27712) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Durham (zip 27712) 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 27712)
- The average income of a Durham (zip 27712) resident is $50,450 a year. The US average is $37,638 a year.
- The Median household income of a Durham (zip 27712) resident is $87,320 a year. The US average is $69,021 a year.