Winona, MN is a charming city located in southeastern Minnesota near the Mississippi River. With a population of about 27,000 people, Winona offers its residents a quiet yet vibrant atmosphere with plenty of local attractions and amenities. The cost of living in Winona is quite affordable, as evidenced by the 2 bedroom rent price of $760 (US average is $1,430). Additionally, the grocery cost index in Winona is 97 versus 100 in the US. This lower-than-average grocery cost makes it easier for families to afford their groceries and other necessities. Local businesses that make up Winona's economy include such companies as Fastenal Company, Gopher Resource LLC, Marco Technologies LLC, Bituminous Roadways Inc., and Gillette Children's Specialty Healthcare - all important employers in the area. All told, Winona provides great value for those looking to live an affordable life while also enjoying the benefits of a small town atmosphere.
Winona has an unemployment rate of 3.6%. The US average is 6.0%.
Winona has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Winona
- The Sales Tax Rate for Winona is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Winona 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 Winona
- The average income of a Winona resident is $21,847 a year. The US average is $28,555 a year.
- The Median household income of a Winona resident is $48,662 a year. The US average is $69,021 a year.