Winston-Salem, North Carolina

Cost of living in Winston-Salem, North Carolina

  • Cost of living compated to USAmoderate
  • Cost of living compared to North Carolinathe highest
  • Median household incomelow

Is it expensive to live in Winston-Salem, North Carolina? When calculating the cost of living in Winston-Salem, North Carolina we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Winston-Salem, North Carolina is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina, while median household income in Winston-Salem is $47,269 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina.

Taxes in Winston-Salem, North Carolina

The sales tax rate in Winston-Salem, North Carolina is 7.0%. Last year, the average property taxes paid was 1.0% Winston-Salem, North Carolina.

The state income tax in the state of North Carolina is 4.99%.

Housing costs in Winston-Salem, North Carolina

  • The average cost of a single-family home compated to USAhigh
  • The average cost of a single-family home compated to North Carolinamoderate

In Winston-Salem, North Carolina, 55% of the population owns their homes, while approximately 45% rent. The average cost of a single-family home in Winston-Salem, North Carolina in 2022 is $247,939 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in North Carolina. The average one-bedroom apartment cost is approximately $688 per month.

Rental SizeMonthly CostCompared to North Carolina
1 Bedroom$688lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$842lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,118lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,313lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest

Pros and Cons of living in Winston-Salem, North Carolina in reviews from users in their own words:

ProsCons
  • "The big increase on apprasail"
  • "Friendly and fun"
  • "Farther away from things"
  • "Need a change"