Are you considering relocating to Durham, North Carolina? If so, you'll want to know what the cost of living is like in the area. Depending on where you choose to live, the cost of housing and other expenses can vary greatly. Generally speaking, the cost of living in Durham, NC, is relatively lower than the rest of the country. Most Durham residents own their homes.
56% of the homes in the area are owner-occupied, while 43% are rented. If you're looking for an apartment to rent, you'll need to plan your budget accordingly. In addition to budgeting for food and other necessities, you'll need to factor in entertainment and leisure activities. If you're looking for ways to stay active and healthy, there are plenty of options available.
Consider paying for a membership at a local gym such as Fitness World, Courage Fitness Durham, Velocity Fitness, or any other club in the area. If Durham doesn't sound like the right place for you, learn about the best places to live in North Carolina and the cheapest places. In this blog post, we'll look at what the average cost of living is in Durham, North Carolina, for someone who rents an apartment.
Average Cost of Living in Durham
The cost of living in Durham is lower than the national average. According to Numbeo's Cost of Living Index, Durham's overall cost of living index is 92.7 (the national average is 100).This means that living expenses are 7.3% lower than the national average. The cost of housing is one of the biggest factors that affects your overall cost of living. The median home value in Durham is $223,000 and the median rent price is $1,200 per month. Renting an apartment in Durham can be more expensive than other parts of North Carolina. For example, renting an apartment in Raleigh costs an average of $1,000 per month.
Cost of Groceries and Utilities
The cost of groceries and utilities also affects your overall cost of living.According to Numbeo's Cost of Living Index, groceries in Durham are 4.3% cheaper than the national average and utilities are 8.3% cheaper than the national average.
Cost of Transportation
Transportation costs can also add up quickly if you don't plan ahead. The average price for a gallon of gas in Durham is $2.50 per gallon which is slightly higher than the national average ($2.45 per gallon). Public transportation is available through GoDurham buses which offer fares starting at $1 per ride.Cost of Entertainment
Durham has plenty of entertainment options for those looking for ways to stay active and healthy. Consider paying for a membership at a local gym such as Fitness World, Courage Fitness Durham, Velocity Fitness, or any other club in the area.Conclusion
Overall, the cost of living in Durham is relatively cheaper than the rest of the country.Depending on where you choose to live, housing costs can vary greatly but generally speaking they are lower than other parts of North Carolina. Groceries and utilities are also cheaper than the national average while transportation costs are slightly higher.
