Real Winston-Salem local data included.
Vanderflip Financial is an independent publisher. Local data from MIT Living Wage Calculator, BLS, and Zillow. See our Editorial Policy.
In Winston-Salem where average 1-bedroom rent is $980/month and the living wage is $19.42/hour, building a savings cushion requires careful planning. This calculator helps Winston-Salem residents set realistic savings targets based on local financial realities.
Use North Carolina Savings Calculator →| Data Point | Winston-Salem | US Average |
|---|---|---|
| MIT Living Wage | $19.42/hr | $21.50/hr |
| Avg 1BR Rent | $980/mo | $1,500/mo |
| Cost of Living | 11% below average | Baseline |
| Minimum Wage | $7.25/hr | $7.25 federal |
| State Income Tax | 4.25% | 5.1% avg |
North Carolina Income Tax 2026 • North Carolina Savings Calculator • Calculators