USLivingCost Salaries · Rent · Cost of Living

Irving, TX vs. Winston-Salem, NC

Median rent is $1,517 a month in Irving, TX and $1,033 in Winston-Salem, NC. Household income is $79,641 against $57,673. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

$
Same standard of living
A salary of $100,000 in Irving, TX buys what $96,876 buys in Winston-Salem, NC
-$3,124 less to keep the same standard of living
Median gross rent Monthly
$1,517 $1,033 -31.9%
Median household income Annual
$79,641 $57,673 -27.6%
Median home value Owner-occupied
$287,300 $208,200 -27.5%
Rent as share of income Annual rent ÷ income
22.9% 21.5% -1.4 pp
Price level U.S. average = 100
97.2 94.1 -3.2%
Salary needed for median rent Keeps rent at 30% of gross
$60,700 $41,300 -32.0%
Rent median income carries at 30% Affordable rent
$1,991 $1,442 -27.6%
Population City proper
255,036 250,887 -1.6%
Equivalent salary For $100,000 in Irving
$100,000 $96,876 -3.1%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent
$1,033
Winston-Salem, NC · 46.9% below Irving, TX
Higher household income
$79,641
Irving, TX · 38.1% above Winston-Salem, NC
Same standard of living
$96,876
$100,000 in Irving, TX needs $96,876 in Winston-Salem, NC
Price level gap
3.0 points
97.2 in TX against 94.1 in NC
Rent burden gap
1.4 points
Winston-Salem, NC versus Irving, TX, share of income taken by rent
Highest buying power
106.2%
Winston-Salem, NC · share of the national average income that a dollar there buys

Irving, TX vs Winston-Salem, NC: frequently asked questions

Is Winston-Salem, NC more expensive than Irving, TX?

No. Prices in Winston-Salem, NC are about 3.1% lower than in Irving, TX: a regional price level of 94.1 against 97.2, where the U.S. average is 100.

How much do I need to earn in Winston-Salem, NC to keep a $100,000 lifestyle from Irving, TX?

About $96,900. Adjusting $100,000 by the BEA regional price levels of the two areas (97.2 in Irving, TX, 94.1 in Winston-Salem, NC) gives the salary with the same purchasing power. Taxes and personal spending habits are not included.

Is rent cheaper in Irving, TX or Winston-Salem, NC?

The median gross rent is $1,517 a month in Irving, TX and $1,033 in Winston-Salem, NC, a difference of $484 a month or $5,808 a year.

Where are household incomes higher, Irving, TX or Winston-Salem, NC?

The median household income is $79,641 in Irving, TX and $57,673 in Winston-Salem, NC. Rent takes 22.9% of the median income in Irving, TX and 21.5% in Winston-Salem, NC.

What salary do I need to afford the median rent in Winston-Salem, NC?

About $41,300 a year, the gross income that keeps the median rent of $1,033 a month at 30% of income. The same rule gives $60,700 in Irving, TX.

More comparisons with Irving, TX

More comparisons with Winston-Salem, NC

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Definitions used on this page

Salary needed for the median rent
Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level
BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living
A salary in Irving, TX converted into Winston-Salem, NC at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power
One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Irving, TX · Winston-Salem, NC