Housing costs in Winston-Salem?
A typical home costs
$227,200, which is 32.8% less expensive than the national average of
$338,100 and 21.5% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Winston-Salem costs
$1,010 per month, which is 9.0% cheaper than the national average of
$1,110 and 6.9% more than the state average of
$940.
Can I afford Winston-Salem?
To live comfortably in Winston-Salem (zip 27127), North Carolina, a minimum annual income of
$43,560 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Winston-Salem?
The cost of living in 27127 Winston-Salem, NC is relatively low compared to other parts of the country. The overall cost of living index for the area is about 88—12 percent below the national average. Housing prices are particularly affordable, with median home prices around $140,000 and median rent just over $800. Transportation costs are also relatively low, with an average commute time under 20 minutes and average gas prices close to the national average. Groceries, healthcare, and other goods and services are also reasonably priced in this area. Altogether, Winston-Salem offers a great value for those looking for a place to call home at a reasonable price.