Winchester, MN is a small town located in southeastern Minnesota. Its population size is unknown but it has a great cost of living, with 2 bedroom rent at $1,050 compared to the US average of $1,430. Additionally, grocery costs index in Winchester is 94 against 100 in the US. The area is also surrounded by many local businesses such as White Farm Equipment Inc., which has been selling farm machinery since 1950s; Winchester Bluffs Golf Club for leisure; and Waseca Regional Medical Center for medical needs. Moreover, Winchester offers plenty of outdoor activities including hiking trails and campgrounds like Lake Koronis Regional Park and Campground where people can enjoy camping and fishing during summertime. Winchester is indeed a great place to live for those who want an affordable yet comfortable lifestyle.
Winchester has an unemployment rate of 5.7%. The US average is 6.0%.
Winchester has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Winchester
- The Sales Tax Rate for Winchester is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Winchester is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Winchester
- The average income of a Winchester resident is $29,895 a year. The US average is $28,555 a year.
- The Median household income of a Winchester resident is $91,250 a year. The US average is $69,021 a year.