Winston-Salem, NC is a vibrant city that offers residents an array of amenities at more affordable prices than many other cities in the US. The cost of living is lower than the national average with 2 bedroom rent being $1,010 as opposed to the US 2 Bedroom Rent of $1,430. The grocery cost index in Winston-Salem is also lower at 95 versus the 100 national average.
The city is home to several well-known companies such as Del Monte Foods and Inmar. Area attractions include Reynolda House Museum of American Art and Old Salem Museums & Gardens. Other activities residents can enjoy include hiking trails at Tanglewood Park or visiting local restaurants and shops in historic downtown Winston-Salem.
Winston-Salem has an unemployment rate of 5.2%. The US average is 6.0%.
Winston-Salem 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 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Winston-Salem
- The Sales Tax Rate for Winston-Salem is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem 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
- The average income of a Winston-Salem resident is $24,800 a year. The US average is $28,555 a year.
- The Median household income of a Winston-Salem resident is $50,204 a year. The US average is $69,021 a year.