Chicago, IL vs Winston-Salem, NC
Cost of living comparison · 2023 Census ACS data
Quick Summary
Chicago is the more expensive housing market by roughly 34%; Chicago earns more at the median (23% higher), partly offsetting the cost difference. Whether that math works depends on what fraction of housing cost a relocating household plans to absorb.
Median Home Value
$315,200
$208,200 ✓
Zillow Home Value
$312,456
$260,276
Median Gross Rent
$1,380/mo
$1,033/mo ✓
Owner Occupied %
45.5%
54.6%
Price-to-Rent Ratio
19.0x
16.8x
Median Household Income
$75,134 ✓
$57,673
Per Capita Income
$48,148
$35,074
Unemployment Rate
7.9%
5.9% ✓
Poverty Rate
16.8%
17.9%
Avg Commute (min)
36.7 min
23.3 min
Drove Alone %
46.0%
73.2%
Public Transit %
19.3%
1.2%
Work From Home %
18.3%
12.3%
State Income Tax
5.0%
4.5%
Total Sales Tax
8.7%
7.0% ✓
Property Tax Rate
2.2%
0.8%
Bachelor's Degree %
24.9%
21.6%
Median Age
35.7
35.6
Avg High Temp
60.3°F
69.4°F
Annual Precipitation
34.4"
43.2"
Chicago, IL 1 wins
- ✓Median Household Income
Winston-Salem, NC 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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