Build your monthly budget for Durham. The calculator is pre-filled with realistic local expenses, including $1,450 average rent, so you can see your savings rate against the 50/30/20 rule.
Last updated: May 2026 · Data: U.S. Census, BLS, IRS, state and city sources
Durham has a cost-of-living index of 99 (US average = 100). Housing is usually the largest line item, with average 1-bedroom rent near $1,450/month. The estimates below are pre-filled in the calculator and scaled to local costs.
| Expense Category | Typical Durham Amount |
|---|---|
| Housing (1-bedroom rent) | $1,450/month |
| Food (single person) | $400/month |
| Transportation | $500/month |
| Utilities & Internet | $160/month |
| Healthcare & Insurance | $320/month |
| Personal & Entertainment | $225/month |
| Recommended Savings | 15%+ of gross income |
| Emergency Fund Target | 3 to 6 months of expenses |
Durham is the third point of the Research Triangle, home to Duke University and its medical center and a thriving biotechnology, pharmaceutical, and startup scene rooted in Research Triangle Park, with a revitalized downtown built around the former American Tobacco campus.
| Local Metric | Durham (2026 estimate) |
|---|---|
| Metro population | 290,000 |
| County / jurisdiction | Durham County |
| Cost of living index (US avg = 100) | 99 |
| Regional living wage, single adult | $21.00/hour |
| Regional living wage, one earner supporting a family of four | $40.50/hour |
| Applicable minimum wage | $7.25/hour |
| Average rent, 1-bedroom | $1,450/month |
| Average rent, 2-bedroom | $1,700/month |
| Median home price | $400,000 |
| Median household income | $70,000/year |
| Combined sales tax rate | 7.5% |
| Effective property tax rate | 0.95% of value/year |
Local figures are 2026 estimates compiled from U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
With a cost-of-living index of 99 (US average = 100) and average 1-bedroom rent near $1,450/month, a single adult in Durham typically needs take-home pay of at least $4,550/month to cover needs and save. The regional living wage for a single adult is about $21.00/hour.
Split after-tax income into 50% needs (housing, food, utilities, transport, minimum debt), 30% wants, and 20% savings and extra debt payoff. In a higher-cost city, the needs share often runs above 50%, so protect the 20% savings target in Durham.
Average rent in Durham is about $1,450 for a 1-bedroom and $1,700 for a 2-bedroom. A common guideline keeps rent under 30% of gross income, though that is difficult in higher-cost metros.
Based on the local cost-of-living index, typical monthly expenses in Durham run around $1,450 housing, $400 food, $500 transportation, and $160 utilities for a single person. The calculator is pre-filled with these estimates.
Aim for three to six months of essential expenses. In Durham, with monthly needs around $2,830, that is roughly $8,490 to $16,980.