The Cost of Living in Durham: A Comprehensive Guide

The Cost of Living in Durham: A Comprehensive Guide

The Cost of Living in <a href=Durham: A Comprehensive Guide" />

Are you considering moving to Durham, North Carolina? Before you make the big move, it’s important to understand the cost of living in this vibrant city. From housing to transportation, we’ve got you covered with a comprehensive guide to the cost of living in Durham.

What is the Cost of Living in Durham?

The cost of living in Durham is relatively affordable compared to other major cities in the United States. According to Numbeo, the cost of living index in Durham is 75.68, which is lower than the national average of 100. This means that Durham is 24.32% cheaper than the average city in the United States.

One of the biggest factors that contribute to the lower cost of living in Durham is housing. The median home price in Durham is $259,000, which is lower than the national median home price of $295,000. Additionally, the cost of renting an apartment in Durham is also lower than the national average.

Housing Costs in Durham

As mentioned earlier, housing costs in Durham are relatively affordable compared to other major cities in the United States. The median home price in Durham is $259,000, which is lower than the national median home price of $295,000. Additionally, the cost of renting an apartment in Durham is also lower than the national average.

According to RentCafe, the average rent for an apartment in Durham is $1,200 per month. This is lower than the national average rent of $1,463 per month. However, it’s important to note that rental prices can vary depending on the location and size of the apartment.

Transportation Costs in Durham

Transportation costs in Durham are also relatively affordable compared to other major cities in the United States. The average cost of a gallon of gas in Durham is $2.50, which is lower than the national average of $2.87. Additionally, Durham has a well-connected public transportation system, which includes buses and a light rail system.

The cost of a one-way bus ticket in Durham is $1.50, and a monthly pass costs $45. The cost of a one-way ticket on the light rail system is $1.25, and a monthly pass costs $45.50. These prices are lower than the national average for public transportation.

Food and Entertainment Costs in Durham

Food and entertainment costs in Durham are also relatively affordable compared to other major cities in the United States. According to Numbeo, the average cost of a meal at an inexpensive restaurant in Durham is $12, and the average cost of a meal at a mid-range restaurant is $50 for two people.

Additionally, Durham has a thriving arts and culture scene, with many free and low-cost events throughout the year. The city is also home to many parks and outdoor spaces, which are free to visit.

FAQs

1. Is Durham an expensive city to live in?

No, Durham is relatively affordable compared to other major cities in the United States. The cost of living index in Durham is 75.68, which is lower than the national average of 100.

2. How much does it cost to rent an apartment in Durham?

The average rent for an apartment in Durham is $1,200 per month, which is lower than the national average rent of $1,463 per month.

3. What is the cost of public transportation in Durham?

The cost of a one-way bus ticket in Durham is $1.50, and a monthly pass costs $45. The cost of a one-way ticket on the light rail system is $1.25, and a monthly pass costs $45.50.

Conclusion

In conclusion, the cost of living in Durham is relatively affordable compared to other major cities in the United States. Housing costs in Durham are lower than the national average, and transportation costs are also relatively affordable. Additionally, food and entertainment costs in Durham are also relatively affordable, with many free and low-cost events throughout the year. If you’re considering moving to Durham, you can rest assured that you’ll be able to enjoy a high quality of life without breaking the bank.

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.