Winsted, MN is a small city located in McLeod County. It has a population of just under 2,000 people and is known for its affordability. Rent for 2 bedroom apartments is $1,200 compared to the US average of $1,430. Grocery costs are also lower than the national average with an index of 97 compared to 100 respectively. The city offers plenty of local shops and restaurants for visitors to explore such as 'The Sweet Shop', 'John's Pizza' and 'Sue's Diner'. It also offers great outdoor activities like golfing at the Lakeview Golf Course or picnicking at Green Acres Park. Winsted is a great place to live or visit with its affordable cost of living and many amenities.
Winsted has an unemployment rate of 5.1%. The US average is 6.0%.
Winsted has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Winsted
- The Sales Tax Rate for Winsted is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Winsted 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 Winsted
- The average income of a Winsted resident is $32,292 a year. The US average is $37,638 a year.
- The Median household income of a Winsted resident is $56,938 a year. The US average is $69,021 a year.