New York, NY vs Winston-Salem, NC
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Winston-Salem runs $208,000 versus $752,000 in New York, a 72% gap that dominates most relocation math. State income-tax burden also tilts toward Winston-Salem — a top rate of 4.5% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$208,200 ✓
Zillow Home Value
$812,534
$260,276
Median Gross Rent
$1,779/mo
$1,033/mo ✓
Owner Occupied %
32.8%
54.6%
Price-to-Rent Ratio
35.2x
16.8x
Median Household Income
$79,713 ✓
$57,673
Per Capita Income
$50,776
$35,074
Unemployment Rate
7.7%
5.9% ✓
Poverty Rate
17.4%
17.9%
Avg Commute (min)
44.8 min
23.3 min
Drove Alone %
21.9%
73.2%
Public Transit %
45.5%
1.2%
Work From Home %
15.0%
12.3%
State Income Tax
10.9%
4.5%
Total Sales Tax
8.5%
7.0% ✓
Property Tax Rate
1.7%
0.8%
Bachelor's Degree %
23.6%
21.6%
Median Age
38
35.6
Avg High Temp
62.6°F
69.4°F
Annual Precipitation
49.5"
43.2"
Annual Snowfall
29.8"
—
New York, NY 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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