Housing costs in Winston-Salem?
A typical home costs
$175,200, which is 48.2% less expensive than the national average of
$338,100 and 39.4% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Winston-Salem costs
$950 per month, which is 14.4% cheaper than the national average of
$1,110 and close to the state average of
$940.
Can I afford Winston-Salem?
To live comfortably in Winston-Salem (zip 27101), North Carolina, a minimum annual income of
$33,480 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Winston-Salem?
The cost of living in 27101 Winston-Salem, NC is very affordable compared to other areas. According to BestPlaces, the cost of living index for 27101 Winston-Salem, NC is 77.5 - 11% less than the US average. Groceries are also very inexpensive with an index of 87.2 - 17.8% less than the US average. Housing costs are reasonable as well, with an index of 63 - 37% less than the US average. This makes it easy to find affordable housing options in the area. Additionally, utilities and other miscellaneous costs such as healthcare and transportation are also relatively low compared to other cities throughout the country. All in all, it is a great place to live given its affordability and access to amenities and services.