In 27101 Winston-Salem, NC, 2 bedroom rent is significantly lower than the US average at $950 per month. Grocery costs are also lower than in other parts of the country with a 93 index score compared to a 100 for the US. This makes Winston-Salem an attractive place to live for those on a budget. Many companies have found success in this area, such as Wake Forest Baptist Medical Center, Hanesbrands Inc., Piedmont Triad International Airport, and Krispy Kreme Doughnuts. These businesses have been resilient during the pandemic, making necessary shifts to stay open while keeping their workers safe in accordance with local and state regulations.
Winston-Salem (zip 27101) has an unemployment rate of 5.2%. The US average is 6.0%.
Winston-Salem (zip 27101) 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 27101)
- The Sales Tax Rate for Winston-Salem (zip 27101) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem (zip 27101) 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 27101)
- The average income of a Winston-Salem (zip 27101) resident is $20,627 a year. The US average is $28,555 a year.
- The Median household income of a Winston-Salem (zip 27101) resident is $40,961 a year. The US average is $69,021 a year.