Zip 55987 (Winona, MN) Economy


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Winona, MN is a town located in the southeast of Minnesota, with a population of 55987. It is known for its quaint downtown streets and historic riverfront area. The average 2 bedroom rent in Winona is $750, which is much lower than the national average of $1,430. On top of that, local grocery costs are below the US index at 97 versus 100. Local businesses in Winona include Gopher Glass and Mirror, Garvin’s Sewing Center, and The Book Store. Gopher Glass and Mirror offer custom glass installation services to clients in the area while Garvin’s Sewing Center offers sales and service for sewing machines and related accessories. Finally, The Book Store offers an expansive selection of books from all genres.

Winona (zip 55987) has an unemployment rate of 3.6%. The US average is 6.0%.

Winona (zip 55987) 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 (zip 55987)
- The Sales Tax Rate for Winona (zip 55987) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Winona (zip 55987) 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 (zip 55987)
- The average income of a Winona (zip 55987) resident is $23,825 a year. The US average is $28,555 a year.
- The Median household income of a Winona (zip 55987) resident is $53,496 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWinona, MinnesotaUnited States
  3.66
  -3.5%-6.2%
  24.8%33.5%
  7.4%6.2%
  7.1%4.6%
  $30,736$37,638
  $53,496$69,021
  $85,039$85,028
  Population by Occupation
  1.9%1.2%
  0.1%0.5%
  3.3%6.8%
  20.6%10.0%
  3.2%2.5%
  11.2%11.0%
  2.4%4.8%
  0.1%0.8%
  1.7%1.9%
  2.4%4.7%
  0.6%1.9%
  2.3%7.6%
  0.0%0.1%
  2.7%4.2%
  14.7%9.3%
  17.3%14.0%
  1.7%2.1%
  6.9%7.0%
  4.7%4.8%
  2.1%4.7%
Health