Zip 27127 (Winston-Salem, NC) Cost of Living


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How much do I need to live in Winston-Salem, North Carolina?
$3,630 / month
for a family, 32.8% less expensive than the national average A total of $43,560 for the year for a family.
$2,800 / month
for a single person, 41.3% less expensive than the national average A total of $33,600 for the year for a single person.

Winston-Salem cost of living score
84.3
Less expensive
15.7% lower
than the US average
7.4% lower
than the North Carolina average
Winston-Salem (zip 27127), North Carolina gets a BestPlaces Cost of Living score of 84.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.7% lower than the U.S. average and 7.4% higher than the average for North Carolina.

Zip 27127 (Winston-Salem, NC)

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWinston-SalemNorth CarolinaUnited States
    Unlock91.0100.0
  94.9  Unlock100.0
    Unlock107.2100.0
  62.3  Unlock100.0
    Unlock$289,300$338,100
  95.8  Unlock100.0
    Unlock83.9100.0
  109.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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