Concord vs Winston-Salem

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Concord has the same purchasing power as $65,625 in Winston-Salem.

Conversely, $75,000 in Winston-Salem equals $85,714 in Concord.

Living in Concord vs Winston-Salem

Housing Costs

Concord's housing index of 89 is higher Winston-Salem's 63, translating to median home prices of $380,000 vs $250,000. The $130,000 difference in home prices means roughly $8,448 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,350/mo in Concord compared to $1,050/mo in Winston-Salem, a monthly difference of $300.

Grocery & Food Costs

Grocery expenses index at 97 in Concord and 97 in Winston-Salem. A household spending the national average of $475/month on groceries would pay approximately $461/month in Concord vs $461/month in Winston-Salem. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 97 in Concord and 99 in Winston-Salem. Monthly utility bills average approximately $388 in Concord vs $396 in Winston-Salem. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 104 in Concord and 103 in Winston-Salem. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.

Income & Purchasing Power

Median household income is $86,900 in Concord and $52,600 in Winston-Salem. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $90,521 and $62,619 respectively. Concord residents enjoy stronger real purchasing power despite higher nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $2,028/month to housing in Concord vs $1,227/month in Winston-Salem. In Concord, median rent of $1,350/mo fits within this budget. In Winston-Salem, median rent of $1,050/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 26 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

As an Amazon Associate we earn from qualifying purchases