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
A house having stucco or brick siding mixed with some wood. The house usually is two or more stories. ...
A style of architecture originating in Europe in the 1920s. The international architecture design was very functional and emphasized buildings constructed of steel, reinforced concrete, and ...
The reason a property appraisal is being made. The purpose of the appraisal is the first step in the appraisal process. The purpose of the appraisal should answer several questions: ...
Premiums in insurance and real estate define as a bonus or surplus money. A dividend means a periodic fee you have to pay for your insurance protection. While in real estate, a premium ...
Property of a defaulted borrower is sold under court order, and the judge must approve the amount received. For example, Fidelity Bank has a first mortgage balance of $100,000 on Mr. X's ...
Regulation of the Securities and Exchange Commission (SEC) establishing the criteria to avoid a private offering. For example, John wants to sell shares in an apartment house to several ...
Association of the owners of all condominium units in a building that is concerned with managing day-to-day matters in the building complex, including the surrounding and enforcing ...
Interest rate on a mortgage that moves up or down based on some variable such as an index of lender's cost of funds, inflation rate, or prime rate. ...
Also called earnest money. Money deposited with an individual for security for the performance of some contract. This is intended to show his/her willingness to follow through with the ...
Have a question or comment?
We're here to help.