Winona Lake, IN Economy


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Winona Lake, IN is a great place to live. The 2 bedroom rent of $880 and the grocery cost index of 94 makes it an affordable option for those looking to find a new home. There are several local businesses in Winona Lake, IN that add to the charm of the city. These include Reynolds Bakery, Bontrager’s Family Restaurant, K’s Kountry Kitchen, and Grandma’s Attic Thrift Store. All of these local businesses provide quality goods and services to the community.

Winona Lake has an unemployment rate of 3.7%. The US average is 6.0%.

Winona Lake has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.

Tax Rates for Winona Lake
- The Sales Tax Rate for Winona Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Winona Lake is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Winona Lake
- The average income of a Winona Lake resident is $27,128 a year. The US average is $28,555 a year.
- The Median household income of a Winona Lake resident is $70,586 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWinona Lake, IndianaUnited States
  3.76
  -6.0%-6.2%
  36.6%33.5%
  7.0%6.2%
  4.2%4.6%
  $42,231$37,638
  $70,586$69,021
  $93,640$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  1.1%6.8%
  29.8%10.0%
  0.4%2.5%
  10.3%11.0%
  4.3%4.8%
  0.0%0.8%
  1.7%1.9%
  5.3%4.7%
  0.7%1.9%
  3.7%7.6%
  0.0%0.1%
  0.8%4.2%
  13.3%9.3%
  5.4%14.0%
  3.9%2.1%
  6.7%7.0%
  4.8%4.8%
  7.4%4.7%
Health
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