Winston-Salem is a city in and the county seat of Forsyth County, North Carolina, United States. With a 2018 estimated population of 245,549 it is the second largest municipality in the Piedmont Triad region and the 5th-most populous city in North Carolina, and the 89th-most populous city in the United States. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly the Wachovia Building and now known locally as the Wells Fargo Center.
Winston-Salem is called the "Twin City" for its dual heritage and "City of the Arts and Innovation" for its dedication to fine arts and theater and technological research. "Camel City" is a reference to the city's historic involvement in the tobacco industry related to locally based R. J. Reynolds Tobacco Company's Camel cigarettes. Many locals refer to the city as "Winston" in informal speech. Another nickname, "the Dash," comes from the (-) in the city's name, although technically it is a hyphen, not a dash; this nickname is only used by the local minor league baseball team, the Winston-Salem Dash.
In 2012, the city was listed among the 10 best places to retire in the U.S. by CBS MoneyWatch. Winston-Salem has seen an explosion in growth and urbanization in the downtown area with hotels, entertainment, and apartments being constructed. In 2017, the city was ranked the second-most livable downtown in America by the New York Times and the Wall Street Journal.
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How did North Carolina earn the grade of C+? We examined the state taxes based on how age friendly they are. North Carolina has a state sales tax of 4.75%. Of particular interest is that North Carolina does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. North Carolina has an effective property tax rate of 0.86%. Weighing these taxes and other taxes most likely to impact the aging population is how North Carolina earned its state tax grade of C+.
Learn more about taxes in North Carolina