New York, NY vs Durham, NC
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Durham runs $355,000 versus $752,000 in New York, a 53% gap that dominates most relocation math. State income-tax burden also tilts toward Durham — a top rate of 4.5% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$355,300 ✓
Zillow Home Value
$812,534
$393,151
Median Gross Rent
$1,779/mo
$1,412/mo ✓
Owner Occupied %
32.8%
51.8%
Price-to-Rent Ratio
35.2x
21.0x
Median Household Income
$79,713 ✓
$79,234
Per Capita Income
$50,776
$47,246
Unemployment Rate
7.7%
4.2% ✓
Poverty Rate
17.4%
12.2%
Avg Commute (min)
44.8 min
24.4 min
Drove Alone %
21.9%
65.2%
Public Transit %
45.5%
2.2%
Work From Home %
15.0%
20.6%
State Income Tax
10.9%
4.5%
Total Sales Tax
8.5%
7.0% ✓
Property Tax Rate
1.7%
0.8%
Bachelor's Degree %
23.6%
28.8%
Median Age
38
34.8
Avg High Temp
62.6°F
72.0°F
Annual Precipitation
49.5"
46.1"
Annual Snowfall
29.8"
5.2"
New York, NY 1 wins
- ✓Median Household Income
Durham, NC 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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