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
Valuation method for land or improvements to property. It takes into account gross rentals less operating expenses. ...
"Same as term bridge loan: Short-term loan that is made in anticipation of permanent longer term loans. The interest rate on such a loan is usually higher than on longer term loans. An ...
A lien is a legal instrument by which one party – usually lenders and creditors - guarantees the obligation of a real estate owner to do something – generally repays the money. ...
When two or more individuals simultaneously have rights in a property unit (e.g., apartment),. The individuals sharing the property have legal privileges and responsibilities to each other. ...
Offering of new securities of a real estate company to the investing public, after registration requirements have been filed with the SEC. the securities are usually made available to the ...
percentage relationship of a specific part of property to the whole property. An example is the square footage of one office to the square footage of all offices in an office building. ...
The endorser stipulates something such as that the transferee cannot use the funds for six months. ...
This situation applied in some states when death prevents the seller of property, who has signed a real estate sale agreement, from completing the sale. In this situation , equitable ...
An official indicating intensity of land use in a zoned urban area. ...
Have a question or comment?
We're here to help.