Winston-Salem, NC Metro Area is a great place to live with affordable costs of living. The average 2 Bedroom Rent in the area is $940 per month which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Winston-Salem stands at 95 compared to 100 in the US making it an affordable place for grocery shopping. The city has several prominent local companies such as BB&T Corporation, Inmar Inc., and Hanesbrands Inc. It also has a rich culture that includes museums, galleries, performing arts centers and gardens, making it a great place to reside!
Winston-Salem Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Winston-Salem Metro Area has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Winston-Salem Metro Area
- The Sales Tax Rate for Winston-Salem Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem Metro Area is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Winston-Salem Metro Area
- The average income of a Winston-Salem Metro Area resident is $24,978 a year. The US average is $28,555 a year.
- The Median household income of a Winston-Salem Metro Area resident is $55,454 a year. The US average is $69,021 a year.