Housing costs in Winston-Salem?
A typical home costs
$270,100, which is 20.1% less expensive than the national average of
$338,100 and 6.6% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Winston-Salem costs
$1,040 per month, which is 6.3% cheaper than the national average of
$1,110 and 9.6% more than the state average of
$940.
Can I afford Winston-Salem?
To live comfortably in Winston-Salem (zip 27106), North Carolina, a minimum annual income of
$51,840 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Winston-Salem?
Winston-Salem, NC is an attractive city with an affordable cost of living. According to BestPlaces.net, the cost of living index in 27106 Winston-Salem is 92.2, which is below the U.S. average of 100 and significantly lower than other cities in North Carolina like Raleigh (121) or Charlotte (112). The lower cost of living compared to other cities allows residents of Winston-Salem to enjoy a higher quality of life and better purchasing power for their money. Housing costs are relatively low compared to other major cities in the region, with a median home price of $163,100; this is well below the national average of $229,700 and much more affordable than larger cities like Raleigh or Charlotte. Overall, 27106 Winston-Salem offers excellent value for those looking to live in North Carolina without breaking the bank on high housing costs.