Whether looking for an apartment, house or retirement community, retirees will have plenty of housing options to choose from. The median home price has been listed as less than $150,000, state taxes are low and the cost of living is 10% lower than the national average. Retirees in Winston-Salem will also enjoy a temperate climate year-round. Though summers can be warm and humid, winters are relatively mild.
The town has earned the nickname, “City of the Arts and Innovation,” thanks to a strong dedication to performing arts, fine arts and technology. History lovers will be thrilled to explore Old Salem town (c. 1750 – 1850) as well as the nearby Horne Creek Historic Farm.
Con: High crime rate in certain areas
Best For: Arts and history lovers
Cost of Living: 10.3% less than national average
Median Home Cost: $143,200
Top State Income Tax: 7.75%
Crime Rate: 57% higher than national average
And did we mention the wineries? Yup. Winston-Salem lies on the cusp of the Yadkin Valley, one of the East Coast’s up-and-coming wine producing regions.
Shoppers and bargain hunters will be pleased to discover that Hanes Mall, one of North Carolina’s largest shopping malls, is located in Winston-Salem, and the surrounding area has morphed into the town’s largest shopping district.
Still, there are downsides to Winston-Salem. The town’s crime rate is much higher than the national average, though it’s easy to avoid problem areas, according to locals.