Cost of Living in Durham, NC
Housing
The housing market plays a significant role in determining the cost of living in Durham, NC.
- Housing Index: 95.0 / 100
- Median Home Price is: $334000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
Considering a move to Durham, NC? With a housing index of 95.0, the area remains competitive compared to national averages. The median home price sits at 334000, making it a viable option for prospective buyers. For renters, the average rent for a 2-bedroom apartment is 1500, while a 2-bedroom house averages 1600. These rates suggest that renting is relatively affordable, especially for those who prefer flexibility or are not yet ready for homeownership. Overall, Durham offers a balanced housing market worth considering for both buyers and renters.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Durham, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Durham, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Durham is a financially viable option for your relocation.