Moving from Chicago to Winston-Salem (2026)

Winston-Salem has a COL index of 87 vs 107 for Chicago (100 = US average). You'd pay about 19% less for the same lifestyle.

Save ~$625/mo
on rent + taxes ยท $75K salary baseline

Change cities

Key differences

COL index
107 โ†’ 87
100 = US avg
1BR rent
$1,900 โ†’ $1,300
per month
State tax
4.9% โ†’ 4.5%
income tax
COL difference
107 โ†’ 87
19% cheaper

Salary needed in Winston-Salem to match your Chicago lifestyle

Based on the 19% cost of living decrease between the two cities.

Your salary in ChicagoEquivalent in Winston-Salem
$40K$32,523
$50K$40,654
$60K$48,785
$75K$60,981
$80K$65,047
$100K$81,308
$120K$97,570
$150K$121,963

๐Ÿ’ต Household income (before tax)

$75K
$
$30K$300K
Save ~$707/moon core expenses at $75K

Monthly budget at $75K โ€” Chicago vs Winston-Salem

ExpenseChicagoWinston-Salem
Monthly take-home$4,434$4,459
1BR rent$1,900$1,300
Groceries$388$361
Transport$105$45
Utilities$165$150
Internet$65$60
Left after essentials$1,811$2,543

30-Year Wealth Builder

If you invest your monthly savings of $707 in a low-cost index fund (7% avg return), you'd accumulate an extra:

$862,519

over 30 years compared to staying in Chicago โ€” that's the real price of a city.

$707/mo invested

Frequently asked questions

Is Winston-Salem cheaper than Chicago?

Yes. Winston-Salem has a cost of living index of 87 vs 107 for Chicago (100 = US average). That's about 19% cheaper.

How much will I save moving from Chicago to Winston-Salem?

On a $75K salary, moving from Chicago to Winston-Salem saves roughly $625/month on core expenses. That's ~$7,500/year.

What salary do I need in Winston-Salem to match my Chicago lifestyle?

To maintain the same purchasing power as $75,000 in Chicago, you'd need roughly $60,981/year in Winston-Salem. This is based on the overall COL index difference.

Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates. Zillow ยท BLS ยท Numbeo ยท For general guidance only