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
The transfer of a property deed to the original owner upon the satisfaction of a mortgage. A reconveyance is accomplished through a reconveyance deed. For example, upon making the final ...
Same as term cape cod colonial house: Early American style 1 1/2 story house with a steep gable roof covered with shingles. The bedrooms are on the first floor, but the attic is often ...
Inspection required in certain types of sales of property to determine if termites are present within a building. ...
Wall having an air space between the two sides. A hollow wall is often covered with wallboard that is nailed to the wall studs providing an air space between the two sides. ...
Across the globe, countries have comprehensive antitrust laws that protect customers and ensure the orderly conduct of businesses. Through antitrust laws, the playing field is balanced for ...
North-south lines that encircle the earth and used as references in mapping land. ...
Any of several types of legal joinders whereby one or more parties unites with or joins other parties in a legal action or proceeding even though the party may not be a direct part of the ...
Contract that intends to convey property form one individual to another but is defective in one respect. ...
Through the master plan definition, we can understand it’s a plan describing both through narrative and maps the overall land use of a designated urban area. It includes both present ...
Have a question or comment?
We're here to help.