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
| Expense | Winston-Salem | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 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
Related Pages
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.