Salary Needed to Live in Winston-Salem as a Family

A family of four (2 adults, 2 children) needs approximately $50,320/year to live comfortably in Winston-Salem, NC — including 15% savings.

Comfortable Salary
$50,320
with 15% savings
Bare Minimum
$40,256
no savings buffer
Monthly Expenses
$2,516
14% below national avg

Detailed Monthly Budget for a Family in Winston-Salem

ExpenseWinston-SalemNat'l AvgDiff
🏠 3BR Apartment/House Rent$220$209+5%
🛒 Groceries$45$44+2%
⚡ Utilities$23$28-18%
🚗 Transportation$31$44-30%
🛡️ Car Insurance$169$223-24%
🏥 Health Insurance$46$56-18%
Childcare/After-school$1,020$1,200-15%
Internet + Phones$153$180-15%
Children Activities$213$250-15%
Dining Out$298$350-15%
School Supplies & Clothing$170$200-15%
Healthcare Co-pays$128$150-15%
Total Monthly$2,516$2,934-14%

How We Calculated the Salary

Monthly expenses:$2,516
Target savings (15%):$555/mo
Monthly after-tax needed:$3,071
Effective tax rate:25%

Gross annual salary needed:$50,320

Other Household Types in Winston-Salem

Single Person
$17,151/yr
$929/mo expenses
Couple (No Kids)
$23,752/yr
$1,247/mo expenses
Retiree
$17,777/yr
$1,037/mo expenses

Related Pages

Living Alone in Winston-SalemCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a family with kids need in Winston-Salem?
A family with kids needs approximately $50,320/year ($4,193/month gross) to live comfortably in Winston-Salem with a 15% savings rate.
How much is rent for a family with kids in Winston-Salem?
A 3br apartment/house in Winston-Salem costs approximately $220/month, which is the largest single expense at 9% of the total budget.
Is Winston-Salem affordable for a family with kids?
Yes, Winston-Salem is 14% more affordable than the national average for a family with kids.
← Back to Winston-Salem