More Cost of Living or Compare Winston-Salem's Cost of Living More EconomyĬOST OF LIVINGCompared to the rest of the country, Winston-Salem's cost of living is 15.7% lower than the U.S. Winston-Salem jobs have increased by 1.6%. The nearby amenities of the Raleigh-Durham area, about 80 miles to the east, are close enough for residents to benefit.ĮCONOMYThe unemployment rate in Winston-Salem is 5.2% (U.S. The nearby Greensboro metro area is perhaps the most prosperous of the three, though all places are generally appealing with a lack of major downsides. Winston-Salem epitomizes the shift from older economy to new economy, and High Point is an industry town shifting emphasis from manufacturing to becoming a trade and design center. Downtown High Point is a fascinating collection of commercial, warehouse and showroom facilities centered on this industry. Unfortunately, the dislocation of that industry offshore, particularly to China, is having an impact on its manufacturing base. ![]() High Point is a world trade center for furniture and is still center of the state’s largest furniture-manufacturing industry. (The cigarettes are named after the town, not vice versa.) Winston-Salem is also home to Wake Forest University, some affiliated high tech business, a collection of banking centers and is home to Krispy Kreme donuts and a new Dell Computer plant. Winston-Salem, as the name suggests, has been a center for the tobacco industry. The economy has an interesting mix of declining and emerging industries, but employment overall has been relatively stable. ![]() In comparison to the state’s better-known triad of Raleigh–Durham–Chapel Hill, the economy and lifestyle is more industrial and working-class, although there is a strong university presence and a high level of educational attainment. The three cities are sometimes referred to as the Piedmont Triad. Until recently, Winston-Salem and High Point were associated with nearby Greensboro to form one metro area. What Bert Has To Say About Winston-Salem Metro Area
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