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Cost of Living in Winona, MN

Population 26,009 · Census ACS 2020–2024 5-year estimates

Median rent$882
Median home value$201,800
Median household income$56,337

The median rent in Winona, MN is $882/month, 31% lower than the Minnesota median and 38% lower than the U.S. median. The median home value is $201,800, 39% lower than the national median. Households earn a median of $56,337 a year, 37% lower than the state median.

Affordability

Rent as a share of median income: 18.8%
Income needed for median rent (30% rule): $35,280/yr
Home price-to-income ratio: 3.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,020/mo

Run your own numbers: mortgage calculator · hourly to salary

Winona vs. Minnesota vs. U.S.

WinonaMinnesotaU.S.
Median rent$882$1,280$1,413
Median home value$201,800$329,300$332,700
Median household income$56,337$89,062$80,734
Homeownership rate58.0%72.2%65.2%
Bachelor's degree or higher36.3%39.4%35.7%
Poverty rate23.1%9.3%12.5%
Unemployment rate2.7%4.1%5.2%
Work from home9.0%17.6%15.1%
Median age31.338.838.9

FAQ

What is the average rent in Winona, MN?

The median gross rent in Winona, MN is $882 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Winona, MN?

Using the common 30% rule, renting a median-priced home takes about $35,280 a year in gross income.

Is Winona, MN expensive to live in?

Rent there is 38% lower than the U.S. median, and the median home costs about 3.6 times the median household income.

Other cities in Minnesota

Minneapolis, MNRent $1,371 · Income $80,846St. Paul, MNRent $1,281 · Income $73,394Rochester, MNRent $1,399 · Income $89,389Bloomington, MNRent $1,561 · Income $93,211Duluth, MNRent $1,087 · Income $68,807Brooklyn Park, MNRent $1,325 · Income $89,891

Cities with a similar cost of living

Albertville, ALRent $872 · Income $56,099Eagle Pass, TXRent $880 · Income $57,207Cape Girardeau, MORent $876 · Income $55,658Conway, SCRent $866 · Income $56,650Massillon, OHRent $862 · Income $56,446Owensboro, KYRent $905 · Income $56,357

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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