Cost Of Living For a Single Person in Durham 2024

Single person cost of living chart - individual average monthly expenditure in Durham

Average Monthly Expenditure

Currency: GBP
280 2,000 13,000
MINIMUM AVERAGE MAXIMUM
$360 $2,500 $17,000

Average monthly spending for a single person or individual in Durham

How much money does an individual need in a month to survive in Durham?

A single person in Durham spends around 2,000 GBP per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 280 GBP or as high as 13,000 GBP. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Durham


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Durham

Dining, food, and beverages costs


Fast food combo meal

3.3 GBP 6.6 GBP 11 GBP
MINIMUM AVERAGE MAXIMUM
$4.2 $8.4 $14

Restaurant meal for one

11 GBP 16 GBP 32 GBP
MINIMUM AVERAGE MAXIMUM
$14 $20 $41

Fine dining meal for one

21 GBP 32 GBP 130 GBP
MINIMUM AVERAGE MAXIMUM
$27 $41 $160

Cappuccino or latte

2.8 GBP 4.4 GBP 6.6 GBP
MINIMUM AVERAGE MAXIMUM
$3.5 $5.6 $8.4

Grocery and market costs


Milk large bottle

2.2 GBP 2.7 GBP 3.3 GBP
MINIMUM AVERAGE MAXIMUM
$2.8 $3.4 $4.2

12 eggs

1.7 GBP 2.2 GBP 3.3 GBP
MINIMUM AVERAGE MAXIMUM
$2.1 $2.8 $4.2

Fresh whole chicken

3.8 GBP 4.9 GBP 6.9 GBP
MINIMUM AVERAGE MAXIMUM
$4.8 $6.2 $8.8

Pack of beef

4.4 GBP 6.6 GBP 13 GBP
MINIMUM AVERAGE MAXIMUM
$5.6 $8.4 $17

Medium bag of rice

1.8 GBP 2.4 GBP 3.5 GBP
MINIMUM AVERAGE MAXIMUM
$2.3 $3.1 $4.4

Bag of tomatos

0.67 GBP 0.89 GBP 1.7 GBP
MINIMUM AVERAGE MAXIMUM
$0.84 $1.1 $2.1

Bag of apples

1.2 GBP 1.6 GBP 2.6 GBP
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3.2
Chart showing the prices and cost of commute, travel, and transportation in Durham


Commute, travel, and transportation costs


20 minutes taxi ride

2.7 GBP 3.2 GBP 6.4 GBP
MINIMUM AVERAGE MAXIMUM
$3.4 $4.1 $8.1

Average car full tank

17 GBP 22 GBP 44 GBP
MINIMUM AVERAGE MAXIMUM
$21 $28 $56

Average car 1-day rental

15 GBP 21 GBP 31 GBP
MINIMUM AVERAGE MAXIMUM
$20 $26 $39

Average car price

8,300 GBP 17,000 GBP 22,000 GBP
MINIMUM AVERAGE MAXIMUM
$11,000 $21,000 $28,000

Bus ticket one way

0.52 GBP 0.77 GBP 1.5 GBP
MINIMUM AVERAGE MAXIMUM
$0.65 $0.98 $2

Car Service

21 GBP 31 GBP 62 GBP
MINIMUM AVERAGE MAXIMUM
$26 $39 $78
Chart showing the prices and cost of utility, energy, water, and gas in Durham


Utility cost (monthly)


Utility Bill - Individual

17 GBP 120 GBP 800 GBP
MINIMUM AVERAGE MAXIMUM
$21 $150 $1,000

Internet and cable

17 GBP 33 GBP 44 GBP
MINIMUM AVERAGE MAXIMUM
$21 $42 $56

Mobile phone charges

13 GBP 22 GBP 66 GBP
MINIMUM AVERAGE MAXIMUM
$17 $28 $84

Leisure and activities costs


Movie ticket

8.3 GBP 11 GBP 17 GBP
MINIMUM AVERAGE MAXIMUM
$11 $14 $21

One month gym membership

25 GBP 31 GBP 62 GBP
MINIMUM AVERAGE MAXIMUM
$31 $39 $78
Chart showing the prices and cost of clothing and accessories in Durham


Cloths and accessories costs


Pair of jeans or pants

18 GBP 26 GBP 39 GBP
MINIMUM AVERAGE MAXIMUM
$23 $33 $49

Woman dress

17 GBP 24 GBP 77 GBP
MINIMUM AVERAGE MAXIMUM
$22 $30 $98

Woman shoes

16 GBP 22 GBP 51 GBP
MINIMUM AVERAGE MAXIMUM
$21 $28 $65

Men's shoes

14 GBP 17 GBP 34 GBP
MINIMUM AVERAGE MAXIMUM
$18 $22 $43

Men suit

15 GBP 19 GBP 100 GBP
MINIMUM AVERAGE MAXIMUM
$20 $24 $130

Regular t-shirt

7.7 GBP 10 GBP 31 GBP
MINIMUM AVERAGE MAXIMUM
$9.8 $13 $39
Chart showing the prices and cost of housing, accommodation, and rent in Durham


Housing costs / monthly rent


Studio apartment

260 GBP 390 GBP 1,000 GBP
MINIMUM AVERAGE MAXIMUM
$330 $490 $1,300

1-bedroom apartment

390 GBP 620 GBP 1,500 GBP
MINIMUM AVERAGE MAXIMUM
$490 $780 $2,000

2-bedroom apartment

510 GBP 770 GBP 2,100 GBP
MINIMUM AVERAGE MAXIMUM
$650 $980 $2,600

Housing costs / Buying


Studio apartment

51,000 GBP 77,000 GBP 150,000 GBP
MINIMUM AVERAGE MAXIMUM
$65,000 $98,000 $200,000

1-bedroom apartment

62,000 GBP 100,000 GBP 390,000 GBP
MINIMUM AVERAGE MAXIMUM
$78,000 $130,000 $490,000

2-bedroom apartment

100,000 GBP 310,000 GBP 620,000 GBP
MINIMUM AVERAGE MAXIMUM
$130,000 $390,000 $780,000
Chart showing the prices and cost of furniture in Durham


Furniture Costs


King Size Bed

330 GBP 420 GBP 550 GBP
MINIMUM AVERAGE MAXIMUM
$420 $530 $700

Double Bed

220 GBP 330 GBP 420 GBP
MINIMUM AVERAGE MAXIMUM
$280 $420 $530

Single Bed

200 GBP 260 GBP 330 GBP
MINIMUM AVERAGE MAXIMUM
$250 $320 $420

Living Room

370 GBP 470 GBP 1,700 GBP
MINIMUM AVERAGE MAXIMUM
$470 $600 $2,100

Dining Table

170 GBP 220 GBP 420 GBP
MINIMUM AVERAGE MAXIMUM
$210 $280 $530

Sofa or Couch

220 GBP 300 GBP 660 GBP
MINIMUM AVERAGE MAXIMUM
$280 $380 $840
Chart showing the prices and cost of electronic devices and appliances in Durham


Electronics and House Appliance Costs


TV Set

220 GBP 330 GBP 660 GBP
MINIMUM AVERAGE MAXIMUM
$280 $420 $840

Fridge or Freezer

200 GBP 300 GBP 420 GBP
MINIMUM AVERAGE MAXIMUM
$250 $380 $530

Washing Machine

260 GBP 370 GBP 660 GBP
MINIMUM AVERAGE MAXIMUM
$320 $470 $840

Stove or Cooker

240 GBP 300 GBP 420 GBP
MINIMUM AVERAGE MAXIMUM
$300 $380 $530

Mobile Phone

280 GBP 330 GBP 470 GBP
MINIMUM AVERAGE MAXIMUM
$350 $420 $600

Laptop or Computer

300 GBP 370 GBP 660 GBP
MINIMUM AVERAGE MAXIMUM
$380 $470 $840
Single person or Individual cost of living and expenditure to income ratio in Durham

Single person expenditure to income ratio in Durham

Analysing the how affordable it is for an individual to live in Durham

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

68%

60% to 76%

( expenditure / income ) x 100


Individuals in Durham spend around 68% of their monthly income. Some individuals spend as low as 60% of their income while some as high as 76%.

Distribution of monthly cost of living expenses of a single person in Durham

How do individuals spend their money in Durham?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost32%

32% of total expenses on average (20% to 44%)

LOW$130   100 GBP
AVERAGE$910   720 GBP
HIGH$6,000   4,800 GBP
Per Month

Individuals in Durham typically spend from 20% to 44% of their total monthly expenditure on housing with 32% being the average. The average monthly spend on housing is 720 GBP with expenditure ranging from 100 GBP to 4,800 GBP. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$21   17 GBP
AVERAGE$150   120 GBP
HIGH$1,000   800 GBP
Per Month

Utility expenditure like electricity, water, and gas in Durham ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 120 GBP with 17 GBP and 800 GBP being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel6%

6% of total expenses on average (4% to 12%)

LOW$29   23 GBP
AVERAGE$200   160 GBP
HIGH$1,300   1,100 GBP
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 23 GBP to 1,100 GBP in a month on commuting with 160 GBP being the norm for most individuals. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 12%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW$57   45 GBP
AVERAGE$400   320 GBP
HIGH$2,700   2,100 GBP
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Durham is 320 GBP. The cost of groceries can range between 45 GBP to 2,100 GBP. Individuals spend on average about 18% on food and groceries with upper and lower bounds of 12% and 23% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare11%

11% of total expenses on average (5% to 15%)

LOW$32   25 GBP
AVERAGE$230   180 GBP
HIGH$1,500   1,200 GBP
Per Month

Individuals in Durham allocate 5% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 25 GBP to 1,200 GBP with 180 GBP being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (3% to 6%)

LOW$18   14 GBP
AVERAGE$130   99 GBP
HIGH$840   660 GBP
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 14 GBP to 660 GBP with 99 GBP being the average. Speaking of percentages, that equates to 3% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$7.2   5.7 GBP
AVERAGE$50   40 GBP
HIGH$340   270 GBP
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 40 GBP per month with 5.7 GBP being the minimum spent amount and 270 GBP being the maximum.

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$64   51 GBP
AVERAGE$450   360 GBP
HIGH$3,000   2,400 GBP
Per Month
Percentage of individuals who manage to save money from their income every month in Durham

What percentage of individuals in Durham are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
65%
Not Saving
35%

Almost 65% of surveyed individuals in Durham said that they can save some money at the end of each month while 35% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Durham

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

14% 23% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

88 GBP
$110
790 GBP
$1,000
5,300 GBP
$6,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%30%
10% - 20%23%
20% - 30%16%
30% - 40%15%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 14% to 31% of their monthly income to their savings, with 23% being the average for most individuals. The average monthly amount of money that individuals can put aside is 790 GBP with 88 GBP and 5,300 GBP being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Durham

Saving Challenges in Durham

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Durham. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the individuals said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of individuals blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Durham

Typical saving choices for individuals in Durham

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Durham

Affordable living in Durham

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Durham?


Yes
67%
No
33%

Around 67% of surveyed individuals think that living in Durham is affordable with proper budgeting while 33% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Durham

Low-cost alternatives in Durham

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options54%

Few low-cost options46%


Based on the survey, 54% of the individuals living in Durham have no problem finding low-cost alternatives to support a frugal lifestyle while 46% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals of Durham whether they have an emergency fund and the answers were as follows.

Yes63%

No37%


Based on the survey, 37% of the individuals living in Durham said that they don't have an emergency fund while 63% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Durham

Financial Literacy in United Kingdom

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy68%


We asked individuals in Durham whether they acquired any adequate personal financial training in their lives. Approximately 32% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 68% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether single people of United Kingdom have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 34% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 66% said that they have everything under control.

Struggles with finance34%

Easily manages finances66%

Financial goals and targets of single people living in Durham

Financial goals of individuals in Durham

In an attempt to understand the economic situation in Durham, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction36%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses10%
Financial Independence7%

Around 7% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Durham

Debt, loans, and mortgages in Durham


Percentage of individuals who are in debt


In Debt
28%
Debt Free
73%

According to the survey, 28% of the individuals in Durham have some kind of debt, loan, mortgage, or credit card payments while 73% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Durham

Debt-to-income ratio in Durham

Debt to income ratio

25%

17% to 34%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 25% of a single person's monthly income in Durham goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Durham pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Durham

Debt% People
Real Estate Mortgage12%
Auto Loan20%
Student Loan3%
Credit Card26%
Personal Loan39%

12% of debtors in Durham confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Durham.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Durham

Besides measuring the loan-to-income ratio, we asked individuals of Durham how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never54%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Durham

Housing costs, accommodation, and housing affordability in Durham

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Durham

Monthly Rent Prices

Studio apartment monthly rent cost

260 GBP 390 GBP 1,000 GBP
MINIMUM AVERAGE MAXIMUM
$330 $490 $1,300

1-bedroom apartment monthly rent cost

390 GBP 620 GBP 1,500 GBP
MINIMUM AVERAGE MAXIMUM
$490 $780 $2,000

2-bedroom apartment monthly rent cost

510 GBP 770 GBP 2,100 GBP
MINIMUM AVERAGE MAXIMUM
$650 $980 $2,600

3-bedroom apartment monthly rent cost

620 GBP 1,000 GBP 2,800 GBP
MINIMUM AVERAGE MAXIMUM
$780 $1,300 $3,600

Furnished apartment monthly rent cost

1,200 GBP 3,100 GBP 6,200 GBP
MINIMUM AVERAGE MAXIMUM
$1,600 $3,900 $7,800

Townhouse monthly rent cost

1,000 GBP 1,500 GBP 4,400 GBP
MINIMUM AVERAGE MAXIMUM
$1,300 $2,000 $5,600

House monthly rent cost

1,200 GBP 3,100 GBP 6,200 GBP
MINIMUM AVERAGE MAXIMUM
$1,600 $3,900 $7,800

Villa monthly rent cost

1,500 GBP 3,900 GBP 6,200 GBP
MINIMUM AVERAGE MAXIMUM
$2,000 $4,900 $7,800

The monthly rental cost of a studio apartment in Durham ranges between 260 GBP and 1,000 GBP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 390 GBP to 1,500 GBP. Two-bedroom rentals rate ranges between 510 GBP and 2,100 GBP per month. The monthly rental for a three-bedroom apartment ranges from 620 GBP to 2,800 GBP. The average rent of a townhouse in Durham is around 1,500 GBP while house rental costs can be as high as 3,100 GBP per month. Finally, if you want to rent a villa, expect to pay anywhere from 1,500 GBP to 6,200 GBP per month.



Apartment and house prices in Durham

Cost of buying a property

Studio apartment price

51,000 GBP 77,000 GBP 150,000 GBP
MINIMUM AVERAGE MAXIMUM
$65,000 $98,000 $200,000

1-bedroom apartment price

62,000 GBP 100,000 GBP 390,000 GBP
MINIMUM AVERAGE MAXIMUM
$78,000 $130,000 $490,000

2-bedroom apartment price

100,000 GBP 310,000 GBP 620,000 GBP
MINIMUM AVERAGE MAXIMUM
$130,000 $390,000 $780,000

3-bedroom apartment price

340,000 GBP 510,000 GBP 1.5M GBP
MINIMUM AVERAGE MAXIMUM
$430,000 $650,000 $2M

Townhouse price

440,000 GBP 1M GBP 3.9M GBP
MINIMUM AVERAGE MAXIMUM
$560,000 $1.3M $4.9M

House price

510,000 GBP 3.1M GBP 4.4M GBP
MINIMUM AVERAGE MAXIMUM
$650,000 $3.9M $5.6M

Villa price

620,000 GBP 3.4M GBP 5.1M GBP
MINIMUM AVERAGE MAXIMUM
$780,000 $4.3M $6.5M

The average price of a studio apartment in Durham can range from 51,000 GBP to 150,000 GBP depending on location. One bedroom cost can be anywhere from 62,000 GBP to 390,000 GBP. A villa can cost you 3.4M GBP on average with prices ranging from 620,000 GBP to 5.1M GBP.


If you're leasing or purchasing, housing costs in Durham will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


39 x117 monthly income 199
MINIMUM AVERAGE MAXIMUM

Property prices in Durham can be x117 to x199 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x117 multiples of the average monthly salary in Durham.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 30% of income 39%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Durham is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 21% to 39% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
28%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.3%
AVERAGE
3.3%
TO
4.2%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


4.4 GBP 57 GBP 570 GBP
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Durham

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Durham

Utility Bill Cost / Electricity + Water + Gas / A single person

17 GBP 120 GBP 800 GBP
MINIMUM AVERAGE MAXIMUM
$21 $150 $1,000

Internet and cable cost

17 GBP 33 GBP 44 GBP
MINIMUM AVERAGE MAXIMUM
$21 $42 $56

Mobile phone bill and charges

13 GBP 22 GBP 66 GBP
MINIMUM AVERAGE MAXIMUM
$17 $28 $84

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 120 GBP. The cost of internet and WiFi ranges from 17 GBP to 44 GBP with 33 GBP being the average internet bill. Finally, the average monthly mobile charges is around 22 GBP but can range between 13 GBP and 66 GBP depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


1.8% 4.6% of income 8.2%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Durham is around 4.6%. This means that people pay 4.6% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.8% to 8.2% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Durham

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Durham

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

3.3 GBP 6.6 GBP 11 GBP
MINIMUM AVERAGE MAXIMUM
$4.2 $8.4 $14

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Durham is approximatly 6.6 GBP with meal cost ranging from 3.3 GBP to 11 GBP. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

11 GBP 16 GBP 32 GBP
MINIMUM AVERAGE MAXIMUM
$14 $20 $41

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 11 GBP and 32 GBP with 16 GBP being the average price of a plate for one person at a regular restaurant in Durham.

Fine dining meal for one price

21 GBP 32 GBP 130 GBP
MINIMUM AVERAGE MAXIMUM
$27 $41 $160

The price range of a meal at fine-dining restaurant is 21 GBP to 130 GBP with the average cost being 32 GBP for one person. This is what you would expect to pay a top-tier diner in Durham.

Beverage prices, cappuccino, latte etc..

2.8 GBP 4.4 GBP 6.6 GBP
MINIMUM AVERAGE MAXIMUM
$3.5 $5.6 $8.4

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Durham is around 4.4 GBP. Price ranges between 2.8 GBP and 6.6 GBP depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

2.2 GBP 2.7 GBP 3.3 GBP
MINIMUM AVERAGE MAXIMUM
$2.8 $3.4 $4.2

The average price of a large bottle of milk in Durham is 2.7 GBP. The maximum what you would pay for milk is 3.3 GBP and the minimum being 2.2 GBP depending on the brand of milk and other properties.

12 eggs price

1.7 GBP 2.2 GBP 3.3 GBP
MINIMUM AVERAGE MAXIMUM
$2.1 $2.8 $4.2

A dozen eggs costs around 2.2 GBP on average with 1.7 GBP and 3.3 GBP being the lower and upper limits respectively.

Fresh whole chicken price

3.8 GBP 4.9 GBP 6.9 GBP
MINIMUM AVERAGE MAXIMUM
$4.8 $6.2 $8.8

The price range of a fresh whole chicken in Durham is between 3.8 GBP and 6.9 GBP depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 4.9 GBP.

Pack of beef price

4.4 GBP 6.6 GBP 13 GBP
MINIMUM AVERAGE MAXIMUM
$5.6 $8.4 $17

The price of a regular pack of beef or meat is around 6.6 GBP. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

1.8 GBP 2.4 GBP 3.5 GBP
MINIMUM AVERAGE MAXIMUM
$2.3 $3.1 $4.4

A bag of rice in Durham costs around 2.4 GBP on average with prices rangeing between 1.8 GBP and 3.5 GBP depending on the brand and quality.

Bag of tomatos price

0.67 GBP 0.89 GBP 1.7 GBP
MINIMUM AVERAGE MAXIMUM
$0.84 $1.1 $2.1

A bag of tomatoes costs anywhere from 0.67 GBP to 1.7 GBP. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1.2 GBP 1.6 GBP 2.6 GBP
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3.2

A bag of apples costs 1.6 GBP on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


16% 23% of income 28%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Durham is around 23%. This means that individuals spend 23% of their income on grocery and basic household items. The expenditure can range from 16% to 28% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 45 GBP to 2,100 GBP with the location, income being the most determinite factors.

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