Winston-Salem, NC (27040) is a vibrant city located in the heart of North Carolina. The population of Winston-Salem is approximately 242,000 people and the median 2 bedroom rental costs $1,450 per month. In comparison to the US standard, Winston-Salem's rent is slightly lower at $1,430 per month. Another cost to consider is grocery costs which are 96 in Winston-Salem compared to 100 in the US.
Winston-Salem offers many offerings for entertainment and leisure, such as the Reynolda House Museum of American Art and the SciWorks Science Center. For those looking to shop local there are several popular stores such as Old Salem Museums & Gardens, Forsyth Farmers Market and Bailey Park Food Truck Wednesdays. After a day of shopping or sightseeing you can always pick up a bite to eat from one of the many restaurants in downtown such as The Porch Kitchen and Cantina or Quanto Basta Italian Eatery & Wine Bar.
Winston-Salem (zip 27040) has an unemployment rate of 5.2%. The US average is 6.0%.
Winston-Salem (zip 27040) 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 (zip 27040)
- The Sales Tax Rate for Winston-Salem (zip 27040) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem (zip 27040) 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 27040)
- The average income of a Winston-Salem (zip 27040) resident is $31,423 a year. The US average is $28,555 a year.
- The Median household income of a Winston-Salem (zip 27040) resident is $84,097 a year. The US average is $69,021 a year.