Cost of Living

An affordable place to live and work

Winston-Salem’s cost of living consistently ranks at or below many of its peer communities across the U.S. and is significantly less expensive than other major metro areas throughout the Southeast U.S. Winston-Salem averages approximately 8.4% below the national average for cost of living including housing, transportation, utilities, healthcare and miscellaneous categories.

Cost of Living

 

Housing Costs

  National     Forsyth County   Winston Salem  
  Jan-19 1-year change 1-year forecast Jan-19 1-year change 1-year forecast Jan-19 1-year change 1-year forecast
Median Home Value $226,800 5.40% 2.5% $147,800 6.5% 4.90% $132,500 5.4% 5.5%
Median Sale Price $234,900     $156,600     $149,400    
Median Listing Price $291,900     $219,900     $175,000    
Median Listing 2-Bedroom       $78,500     $104,000    
Median Listing 3-Bedroom       $146,000     $157,000    
Median Listing 4-Bedroom       $248,000     $256,000    
Median Listing 5+ Bedroom       $366,000     $549,000    
                   
                   
Median rent $1,488     $1,181     $1,076    
1 Bedroom $1,330     $698     $689    
2 Bedrooms $1,343     $816     $791    
3 Bedroom $1,477     $1,185     $1,099    
4+ Bedroom $2,034     $1,577     $1,443