Winston-Salem, NC 27107 is an affordable place to live with 2 bedroom rents averaging $920 compared to a US average of $1,430. Grocery costs in the city are also lower than the national average with a grocery cost index of 95 versus 100 in the US. The area has a variety of local companies and amenities including Hanesbrands Inc., Wake Forest Baptist Medical Center and Salem College. There is an abundance of entertainment venues such as Old Salem Museums & Gardens, Reynolda House Museum of American Art and Tanglewood Park. Residents can also enjoy shopping at Thruway Shopping Centre or venture out to nearby attractions like Pilot Mountain State Park or Yadkin River Trail.
Winston-Salem (zip 27107) has an unemployment rate of 5.2%. The US average is 6.0%.
Winston-Salem (zip 27107) 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 27107)
- The Sales Tax Rate for Winston-Salem (zip 27107) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem (zip 27107) 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 27107)
- The average income of a Winston-Salem (zip 27107) resident is $19,312 a year. The US average is $28,555 a year.
- The Median household income of a Winston-Salem (zip 27107) resident is $48,669 a year. The US average is $69,021 a year.