Is Durham NC Expensive To Live?
Ever wondered what it feels like to live in the state of North Carolina? The city of Durham offers one of the most authentic North Carolina experiences. Renowned for its technology companies and scholarly institutions, the city provides an excellent launching ramp for any tech enthusiasts. On the other hand, Durham NC has various attractions and means of entertainment, from Museums to natural habitats. But, what is it like to live in this sprawling city, and most importantly, is Durham NC an expensive place to live? Let’s find out!.
Durham NC is one of the hottest cities in the Triangle Region, yet it is not all that expensive to live here. The cost of living in Durham is about 5% lower than the national average and 5% higher than the state average. If you are looking for an affordable city in the state of North Carolina, you don’t have to look very far. Durham is known for its affordable housing and low cost of living.
The location wraps up everything you might want to find in a city and at an affordable price. The good life of Durham NC is easily sustainable since almost 70 percent of homeowners pay less than 30 percent of their monthly income on home expenses. The average monthly rent of Durham North Carolina is close to $1,000 per month, and the low prices do not compromise on quality.
If healthcare is of concern to you when you decide to relocate to a new city, you should be aware that Durham has some of the most affordable healthcare in all of North Carolina. Don’t hesitate to get in touch with our real estate agents in Durham North Carolina if you want to find out more about the housing market and get yourself a good deal on your next home purchase.
The backbone of Durham’s economy is the schools, hospitals, and the Research Triangle Park. Maintaining a relatively inexpensive lifestyle while benefiting from top education, healthcare, and job opportunities is what Durham NC is known for. That is why many people regard it as the perfect place to live in all of North Carolina.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Rental in which the lessee obtains major property rights. Although not legally a purchase of property, theoretical substance governs over legal form and requires that the leased property be ...
A developer is a person that designs or creates something that could be a concept, structure, product or service. An idea can be turned into something real, tangible and the person that ...
(1) Agreement to sell real estate with a pre-arranged reverse but at an established price. This may not be legal in some instances, and any resulting losses may not be tax deductible. (2) ...
Day the attachment of property under a judicial order becomes effective. ...
Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. These expenditures include ...
A house having stucco or brick siding mixed with some wood. The house usually is two or more stories. ...
Housing projects specifically designed to meet the community needs of the increasing number of individuals who are largely retired, having no small children. Adult communities are found ...
A detailed list of property. The goods of a business, such as houses by a builder. ...
Real property that is without any obligations, liens, or anything else against it. It is free and clear such as a house without mortgage. ...
Have a question or comment?
We're here to help.