Cost of Living in Durham County, North Carolina

$1,415/mo
Median Monthly Rent
$351,700
Median Home Value

At a Glance

Median Monthly Rent
$1,415/mo
51% above state average
Median Home Value
$351,700
25% above national
Rent-to-Income Ratio
28.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Durham County Compares

Median monthly rent comparison

Durham County$1,415/mo
North Carolina Average$938/mo
National Median$1,163/mo

Detailed Housing Stats

$1,415/mo
Median Gross Rent
$351,700
Median Home Value
$1,430/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Durham County ranks #2,920 of 3,144 counties for affordability (bottom 7%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Durham County, North Carolina

Durham rents strain incomes despite growth

Durham County's rent-to-income ratio of 21.4% significantly exceeds the national average of 18%, marking it as the second-most-strained housing market in this sample. Residents earning $79,501 pay $1,415 monthly—the highest rent in this county group—driven by Research Triangle economic vitality.

Urban pressure above state norms

Durham's 21.4% rent-to-income ratio ranks it above North Carolina's state average of 18.6%, second only to Cumberland County in affordability pressure. The $1,415 median rent reflects Durham's role as a tech and biotech hub, creating demand that drives prices upward across the region.

Urban premium over surrounding counties

Durham's $1,415 rent far exceeds rural and coastal alternatives: it's $552 more than Davidson, $530 more than Duplin, and $108 more than coastal Dare County. Only the coastal premium of Dare County approaches Durham's pricing, despite Durham's inland location within the Research Triangle.

Renters and owners both pay steep costs

Renters pay $1,415 while owners pay $1,430 monthly on a $79,501 income, making Durham the most expensive county overall in both tenure categories. These costs consume roughly 21.4% of gross income for renters and 21.6% for owners—among the highest burdens in this comparison.

Durham demands premium income for opportunity

Moving to Durham for Research Triangle jobs means budgeting roughly 21% of income for housing—significantly more than state and national averages. Compare Durham's $1,415 rents against smaller piedmont alternatives like Davie ($889) to assess whether the career opportunity justifies the housing cost premium you'll pay.

Cost of Living Advisory: Durham County

Affordability Verdict

Housing in Durham County is affordable. The median rent is $1,415/month against a median household income of $79,501, putting rent at 21.4% of income.

Rent vs. Own

At $1,415/month rent versus $1,430/month in owner costs, renting is roughly $15/month cheaper — a 1% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $56,600/year. For owner costs at the 28% rule, the required income is roughly $61,286/year. With a median household income of $79,501, most households can comfortably afford rent here. Notably, 28.0% of renter households in Durham County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within North Carolina, Durham County is more affordable than New Hanover County by roughly 5% ($1,415/mo vs $1,343/mo).

Affordability Calculator

See how your income compares to housing costs in Durham County

$

Rent Burden

21.4%

of gross income

Max Housing (28% Rule)

$1,855

per month

Owner Cost Burden

21.6%

of gross income

The median home in Durham County may be a stretch

Median home value is $351,700. Estimated monthly cost: $2,808 vs. your max of $1,855.

Rent Affordability Guide

Your rent-to-income ratio21.4%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $79,501Needed: $56,600
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $79,501Needed: $61,286
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $79,501Needed: $81,850

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Durham County, North Carolina?
Durham County, North Carolina has a median monthly rent of $1,415/mo and a median home value of $351,700. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Durham County?
The median gross rent in Durham County is $1,415/mo. This is 51% above state average for North Carolina.
Is Durham County affordable?
Durham County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Durham County's rent compare to the state average?
Durham County's median rent of $1,415/mo is 51% above state average of $938/mo for North Carolina.
What is the median home value in Durham County?
The median home value in Durham County, North Carolina is $351,700. This is 25% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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