Winona, MN

Very Low · 61

Minnesota · Population 25,998 · Updated March 2026

$839
Median Rent / Month
$56,163
Median Income
$193,500
Median Home Value
$907
Owner Costs / Month

Affordability

How far your income goes in Winona

17.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Minnesota

State-level tax rates that affect your costs

9.85%
Income Tax (Top Rate)
6.875%
Sales Tax
1.11%
Property Tax Rate

Estimated Annual Costs

$10,068
Annual Rent
$5,532
State Income Tax
$2,148
Property Tax (est.)

Cost of Living Overview

Winona is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 61 (where 100 equals the national median), Winona residents can expect to pay median rent of $839/month while earning a median household income of $56,163/year.

The median home value in Winona, MN is $193,500, with typical monthly owner costs around $907 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Minnesota's top income tax rate of 9.85% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.875% sales tax rate and 1.11% effective property tax rate, the overall tax environment is a factor in the total cost of living in Winona.

Frequently Asked Questions

Common questions about living costs in Winona

What is the cost of living in Winona, MN?
The cost of living index in Winona, MN is 61 (US average = 100). Median monthly rent is $839, median household income is $56,163/year, and the median home value is $193,500.
Is Winona, MN affordable?
Yes, Winona is more affordable than the national average with a cost index of 61. The rent-to-income ratio is 17.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Winona, MN?
The median gross rent in Winona, MN is $839 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,068.
What is the median household income in Winona?
The median household income in Winona, MN is $56,163 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Minnesota?
Minnesota has a top income tax rate of 9.85%, a sales tax of 6.875%, and an effective property tax rate of 1.11%.