Winston-Salem is a city in North Carolina with a population of about 244,605 people. The 2 bedroom rent in Winston Salem is $1,110 which is much lower than the national average of $1,430. Grocery costs are also relatively low with a Grocery Cost Index of 98 versus 100 in the US. This makes Winston-Salem an affordable place to live for those who want to stay on budget. Local companies in Winston-Salem include Lowes Foods, Reynolda Village Shopping Center, Wake Forest University Baptist Medical Center, Hanesbrands Inc., Krispy Kreme Doughnuts Inc., and BB&T Corporation. When compared to the US average, Winston-Salem has a lower 2 bedroom rent and grocery cost index making it an ideal place for those looking for affordable living.
Winston-Salem (zip 27104) has an unemployment rate of 5.2%. The US average is 6.0%.
Winston-Salem (zip 27104) has seen the job market decrease by -6.9% 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 (zip 27104)
- The Sales Tax Rate for Winston-Salem (zip 27104) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem (zip 27104) 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 (zip 27104)
- The average income of a Winston-Salem (zip 27104) resident is $53,735 a year. The US average is $37,638 a year.
- The Median household income of a Winston-Salem (zip 27104) resident is $71,319 a year. The US average is $69,021 a year.