Is Durham NC Expensive To Live?

Definition of "Is Durham NC expensive to live?"

Angela Mathias real estate agent

Written by

Angela Mathiaselite badge icon

Compass Florida LLC

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

A measure of actual starts of houses, condominiums, and apartment construction. When an economy is going to take a downturn, the housing sector is the first to decline. The strength in ...

Connected group of wires, woods, or other materials surrounding real property to either protect it or act as a barrier against others. ...

The vertical elements of a door or window frame which provide vertical support to the overall frame. ...

There’s no mystery. The actual age of a property is the chronological age of a property. Say a house was built two decades ago. That house’s actual age is 20 years old.The ...

If you’re a renter and you own a pet, you might be familiar with the term pet rent. There has been a lot of discussion about the meaning of pet rent and controversy as it isn’t ...

Sewer system built into the streets of a neighborhood that is capable of accommodating the excess water flow of a heavy storm without backing up or flooding. ...

A cost of funds index that most adjustable rate mortgages written in California in recent years are tied to. Computed by the Federal Home Loan Bank of San Francisco, it reflects the cost ...

Same as term income statement: Also called profit and loss statement. A financial statement depicting a business entity's operating performance and reports the components of net income, ...

An individual's possessions at his residences, such as furniture. A listing of items and their costs is recommended to obtain proper insurance coverage and as support for insurance ...