CostIndexUSA

Springfield, IL vs Winston-Salem, NC Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

IL
Springfield
92.7
overall index
$1,150/mo rent
More AffordableNC
Winston-Salem
92
overall index
$1,075/mo rent

Winston-Salem is slightly cheaper than Springfield — 0.8% lower overall cost of living.

To match an $80,000 salary in Springfield, you would need $79,400 in Winston-Salem. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing≈ Equal
Springfield
71.6
Winston-Salem
71.4
🛒 Groceries+3.2%
Springfield
93.6
Winston-Salem
96.6
🚗 Transportation−1.4%
Springfield
104.6
Winston-Salem
103.1
🏥 Healthcare−1.4%
Springfield
94.6
Winston-Salem
93.3
⚡ Utilities−2.2%
Springfield
90.4
Winston-Salem
88.4

Salary Equivalency Calculator

Enter your current salary in Springfield to see what you'd need to earn in Winston-Salem to maintain the same purchasing power.

$
→
Equivalent salary in Winston-Salem, NC
$79,400
$600 less needed in Winston-Salem

Formula: salary × (92 ÷ 92.7) = salary × 0.9924. Based on BEA Regional Price Parities.

Housing Market

Springfield, IL

Median Home Price
$188,000
Median Monthly Rent
$1,150
Housing Index
71.6
Price-to-Rent Ratio
13.6×

Winston-Salem, NC

Median Home Price
$355,000
Median Monthly Rent
$1,075
Housing Index
71.4
Price-to-Rent Ratio
27.5×

Income & Job Market

Springfield, IL

Median Household Income
$72,200
Per Capita Income
$41,200
Unemployment Rate
4.4%
Population
114,230
Top Industries
GovernmentHealthcareEducationFinanceRetail

Winston-Salem, NC

Median Household Income
$64,400
Per Capita Income
$36,700
Unemployment Rate
4.2%
Population
247,945
Top Industries
HealthcareManufacturingFinanceEducationGovernment

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Springfield, IL
5.2×income-to-rent ratio

81% of income left after rent (median)

Winston-Salem, NC
5.0×income-to-rent ratio

80% of income left after rent (median)

Springfield vs other cities

Springfield, IL
vs
Aurora, IL
Index: 92.7Index: 103.6
Springfield, IL
vs
Bloomington, IL
Index: 92.7Index: 93.5
Springfield, IL
vs
Champaign, IL
Index: 92.7Index: 92.7
Springfield, IL
vs
Waterbury, CT
Index: 92.7Index: 99.8
Springfield, IL
vs
Wilmington, NC
Index: 92.7Index: 96.4

Winston-Salem vs other cities

Winston-Salem, NC
vs
Asheville, NC
Index: 92Index: 96.5
Winston-Salem, NC
vs
Cary, NC
Index: 92Index: 98.2
Winston-Salem, NC
vs
Charlotte, NC
Index: 92Index: 97.3
Winston-Salem, NC
vs
Glendale, AZ
Index: 92Index: 103.3
Winston-Salem, NC
vs
Chesapeake, VA
Index: 92Index: 97.9

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.