Living in Winchester, Indiana
Cost of living, income, home prices, rent and demographics of Winchester · Census data 2020–2024
Winchester has 5,284 residents with a median age of 35.4. The median household income is $52,439 (27% lower than the Indiana median), the median home value is $97,600, the median rent is $756/month.
Winchester at a glance
- Population
- 5,284
- Median age
- 35.4State: 38.1
- Median household income
- $52,439State: $71,957
- Median home value
- $97,600State: $218,200
- Median rent
- $756/moState: $1,062
- Homeowners
- 70.4%
- Bachelor's degree or higher
- 12.1%
- Average commute
- 16 min
Is Winchester a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 16 minutes.
Cons: Median household income 27% lower than the Indiana median; unemployment of 5%; a poverty rate of 18.3%.
The weather is best in June to September.
Cost of living in Winchester
Housing is the biggest part of the cost of living. In Winchester the median home value is $97,600, 71% lower than the U.S. median. Renters pay a median of $756 per month, which is 29.3% of household income. Homeowners with a mortgage pay $1,005 a month in housing costs.
Winchester median household income
The median household income in Winchester is $52,439 and the income per person is $26,476. 18.3% of residents live below the poverty line (Indiana: 12.3%).
Housing in Winchester: homes for sale and rent
- Housing units
- 2,412
- Owner-occupied
- 70.4%
- Renter-occupied
- 29.6%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.38
Winchester demographics
- Population
- 5,284
- Median age
- 35.4
- Under 18
- 23.5%
- 65 and older
- 19.5%
- Households
- 2,139
- Foreign-born
- 1.9%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Winchester ›
Education in Winchester
12.1% of adults 25 and older in Winchester have a bachelor's degree or higher (Indiana: 29.5%), and 2.8% have a graduate or professional degree.
Jobs and commute in Winchester
- Unemployment rate
- 5%State: 4.3%
- Average commute
- 16 minState: 24 min
- Work from home
- 8.7%
- Drive alone
- 64.7%
- Public transit
- 0%
- Walk to work
- 5.3%
- Homes with broadband
- 88.7%
Winchester vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Winchester | 5,284 | $52,439 | $97,600 | $756 |
| Saratoga | 249 | $53,125 | $65,800 | $755 |
| Farmland | 1,276 | $41,206 | $99,200 | $832 |
| Union City | 3,569 | $39,360 | $79,300 | $595 |
| Ridgeville | 569 | $38,750 | $47,600 | $736 |
| Lynn | 943 | $38,438 | $83,900 | $661 |
| Union City | 1,519 | $32,067 | $72,100 | $622 |
| Modoc | 180 | $64,167 | $65,000 | $746 |
| Parker City | 1,211 | $58,558 | $94,200 | $717 |
More for people moving to Winchester
Winchester ZIP code ›Weather and climate ›Living in Winchester: FAQ
What is the median household income in Winchester, IN?
The median household income in Winchester is $52,439, 27% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Winchester?
The median home value in Winchester is $97,600, compared with $218,200 in Indiana.
How much is rent in Winchester?
The median gross rent in Winchester is $756 per month, about 29.3% of household income.
Is Winchester, IN a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 16 minutes. Minuses: median household income 27% lower than the Indiana median; unemployment of 5%; a poverty rate of 18.3%.
What is the median age in Winchester?
The median age in Winchester is 35.4 years (Indiana: 38.1).
How long is the commute in Winchester?
The average commute to work in Winchester is 16 minutes; 8.7% of workers work from home.
What is the unemployment rate in Winchester?
The unemployment rate in Winchester is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Winchester?
12.1% of adults in Winchester have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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