Winston-Salem, NC is a great place to live with an affordable cost of living. The area code 27127 encompasses the entirety of Winston-Salem and boasts a 2 bedroom rent at $1,010, which is substantially lower than the US average of $1,430. It's also an ideal location for grocery shopping as the Grocery Cost Index in the region sits at 95 versus 100 in the US. Popular local businesses include BB&T Corporation, Hanesbrands Inc., Krispy Kreme Doughnuts and Reynolds American Inc.. With great education opportunities available at Salem College and Wake Forest University, Winston-Salem offers something for everyone!
Winston-Salem (zip 27127) has an unemployment rate of 5.2%. The US average is 6.0%.
Winston-Salem (zip 27127) 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 27127)
- The Sales Tax Rate for Winston-Salem (zip 27127) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winston-Salem (zip 27127) 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 27127)
- The average income of a Winston-Salem (zip 27127) resident is $25,164 a year. The US average is $37,638 a year.
- The Median household income of a Winston-Salem (zip 27127) resident is $54,750 a year. The US average is $69,021 a year.