salaryWinston-Salem is 5% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Winston-Salem to live the same way.
🏠 Rent per month
$1,723
$1,457
🛏️ 2-bedroom rent
$1,628
$1,107
💵 Families earn per year
$84,177
$63,921
🔑 Buying a house
$372,900
$233,800
📊 Overall prices (U.S. = 100)
97.3
92.0
🏛️ Property tax per year
$6,541
$2,025
⚡ Electric bill per month
$120
$136
👥 People living there
278,001
252,037
Commute to work
19.4 min
21.5 min
College degree
59.9%
39.5%
Own their home
46%
55.6%
Below poverty line
16.4%
17.7%
Unemployment
2.7%
5.7%
Bottom line
- Pick Madison for higher incomes, shorter commutes, a more educated workforce and 2 more.
- Pick Winston-Salem for lower rent, cheaper 2-bedroom apartments, cheaper homes.
Pay for the same job
| Job | Madison | Winston-Salem | Difference |
|---|---|---|---|
| Plumber | $85,160 | $49,240 | -42% in Winston-Salem |
| Firefighter | $56,430 | $35,730 | -37% in Winston-Salem |
| Police Officer | $80,580 | $57,440 | -29% in Winston-Salem |
| Electrician | $78,430 | $56,100 | -28% in Winston-Salem |
| Operations Manager | $126,620 | $96,840 | -24% in Winston-Salem |
| Carpenter | $63,480 | $49,940 | -21% in Winston-Salem |
| Customer Service Representative | $47,500 | $38,410 | -19% in Winston-Salem |
| Cashier | $34,550 | $28,130 | -19% in Winston-Salem |
Frequently asked questions
Is Madison or Winston-Salem cheaper to live in?
Winston-Salem is about 5% cheaper overall. Rent is $1,457 a month there versus $1,723 in Madison.
What salary do I need in Winston-Salem to match $60,000 in Madison?
About $56,766 a year gives the same standard of living in Winston-Salem.
Where do people earn more, Madison or Winston-Salem?
The typical household earns $84,177 in Madison and $63,921 in Winston-Salem, 32% more in Madison.