The Census Bureau reports that the average salary for Durham, North Carolina residents is $65,534. However, to stick to the rule of spending only 30% of your monthly income on rent, you need an income of $46,720 to live comfortably in a one bedroom apartment in Durham.
How much money do you need to live comfortably in Durham NC?
In the Durham-Chapel Hill metropolitan area, MIT found the living wage of a single adult with no children to be $31,660, meaning that person would need a salary of more than $63,000 to live comfortably.
How much does it cost to live in Durham?
Durham cost of living is 95.2
| COST OF LIVING | Durham | North Carolina |
|---|---|---|
| Health | 92.1 | 107.5 |
| Housing | 100.1 | 81 |
| Median Home Cost | $310,600 | $242,300 |
| Utilities | 100.1 | 99.2 |
Is Durham NC expensive to live?
According to Duke, the cost of living in Durham is about 23% lower than the national average, though it’s increasing quickly due to the hundreds of people moving here each week. With a low cost of living but a high quality of life, Durham is a great place to move to.
How much does it cost to live in Durham NC monthly?
Cost of living in Durham: Apartment sizes
| Apartment Size | Monthly Rent Cost |
|---|---|
| Studio apartment | $961 |
| One-bedroom apartment | $967 |
| Two-bedroom apartment | $1,125 |
| Three-bedroom apartment | $1,451 |
Is it cheaper to live in Durham or Raleigh?
Durham is 6.9% less expensive than Raleigh. Durham housing costs are 15.5% less expensive than Raleigh housing costs. Health related expenses are 1.2% less in Durham.
Is Durham cheap to live?
County Durham is the ideal place to live for couples, overs 55’s and families. The variety in the county is not only ideal, but it’s also affordable, it has a rich history and breathes culture.
Is Durham a safe place to live?
With a crime rate of 48 per one thousand residents, Durham has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities. One’s chance of becoming a victim of either violent or property crime here is one in 21.
How much money do you need to live comfortably in NC?
All told, North Carolinians may need about $3,191 per person, per month.
Which is safer Raleigh or Durham?
WalletHub said their study compared more than 182 cities across 41 indicators of safety. The data set ranges from assaults per capita, unemployment rate, road quality, and more. Among the cities, Raleigh ranked 22nd while Durham came in at 46. Check out the entire study here.
Why is Durham housing so expensive?
The limited inventory and strong demand led to increases in prices for homes in the Durham real estate market. Durham – Chapel Hill MSA comprises Chatham county, Durham county, Granville county, Orange county, and Person county.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
Who has the lowest cost of living?
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Why is it so cheap to live in NC?
North Carolina has an affordable housing market. The cost of living for retirees in NC is 8.3% cheaper than the national average, and North Carolina no longer taxes Social Security income. Other taxes are generally low, too, making North Carolina a great place to settle down in your later years.
Is Durham a poor area?
County Durham was the 76th most deprived area, and Northumberland was the least deprived local authority on our region, at 161st. The figures show a big divide between North and South, with 15 of the top 20 most deprived areas in the North or the Midlands, and with most of those being in the North West or North East.
Where is the cheapest place to live UK?
The UK’s most affordable cities to live in 2021:
- Derry, Northern Ireland. Average house price: £155,917.
- Perth, Scotland. Average house price: £203,229.
- Dundee, Scotland. Average house price: £181,150.
- Sunderland, North.
- Lisburn, Northern Ireland.
- Newcastle-upon-Tyne, North.
- Stoke-on-Trent, West Midlands.
- Hereford, West Midlands.
Is Durham poor?
The full data is below.
Experian rankings of local authorities.
| Local Authority (District/Borough, City, Metropolitan- excludes Counties) | County Durham |
|---|---|
| Overall risk of poverty | 43 |
| In current poverty | 48 |
| Income less than 60% of the median for England | 45 |
| Risk of long term unemployment | 34 |
Where should I live in Durham?
The Best Areas to Live in Durham
- 1 – Crossgate. Crossgate is a popular residential area, and one of the oldest parts of Durham.
- 2 – Allergate. Allergate is a compact area in Durham’s city centre.
- 3 – Gilesgate.
- 4 – South Bailey.
- 5 – North End.
Is downtown Durham safe at night?
Downtown Durham is easily one of the cleanest and safest cities in the country with the main area being The Historic Parish Street. It dubs itself as part of the “New South”, which refers to a call for modernization of society and attitudes for cities in the south.
What is Durham known for?
The City of Durham is famously known as the “City of Medicine,” with healthcare as a major industry including more than 300 medical and health-related companies and medical practices. You are now one of our 2,400 valued employees working in one of the City’s 24 departments serving 245,475 city residents.
What is middle class income in NC?
North Carolina households must make at least $22,507 to reach middle class, study finds. (The Center Square) – In North Carolina, households must earn a minimum of $22,507 per year to be considered middle class, with the upper earnings boundary set at $104,011, according to a new 24/7 Wall St. analysis.