Housing costs in Winston-Salem?
A typical home costs
$235,100, which is 30.5% less expensive than the national average of
$338,100 and 18.7% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Winston-Salem costs
$1,040 per month, which is 6.3% cheaper than the national average of
$1,110 and 9.6% more than the state average of
$940.
Can I afford Winston-Salem?
To live comfortably in Winston-Salem (zip 27103), North Carolina, a minimum annual income of
$45,000 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Winston-Salem?
The cost of living in Winston-Salem, NC (zip code 27103) is relatively affordable compared to other cities in the area. The median home value is around $140,000 and the median rent is just over $900 a month. Taxes are also fairly low compared to other states, with no income tax and sales taxes at a rate of 7%. The overall cost of living index in this zip code is 94.3 which is slightly lower than the national average of 100. Groceries, healthcare, utilities and transportation costs are all lower than the national average as well making Winston-Salem an attractive option for those looking to save money while still having access to amenities like schools, shops and restaurants.