Living in Winona Lake, Indiana
Cost of living, income, home prices, rent and demographics of Winona Lake · Census data 2020–2024
Winona Lake has 5,080 residents with a median age of 28.9. The median household income is $82,188 (14% higher than the Indiana median), the median home value is $274,500, the median rent is $1,132/month.
Winona Lake at a glance
- Population
- 5,080
- Median age
- 28.9State: 38.1
- Median household income
- $82,188State: $71,957
- Median home value
- $274,500State: $218,200
- Median rent
- $1,132/moState: $1,062
- Homeowners
- 61.6%
- Bachelor's degree or higher
- 50.6%
- Average commute
- 14 min
Is Winona Lake a good place to live?
Pros: Median household income 14% higher than the Indiana median; an average commute of 14 minutes; unemployment of 1.4%; a poverty rate of 8%.
Cons: Home values 26% higher than the state median.
The weather is best in June to September.
Cost of living in Winona Lake
Housing is the biggest part of the cost of living. In Winona Lake the median home value is $274,500, 17% lower than the U.S. median. Renters pay a median of $1,132 per month, which is 31.2% of household income. Homeowners with a mortgage pay $1,476 a month in housing costs.
Winona Lake median household income
The median household income in Winona Lake is $82,188 and the income per person is $46,578. 8% of residents live below the poverty line (Indiana: 12.3%).
Housing in Winona Lake: homes for sale and rent
- Housing units
- 2,039
- Owner-occupied
- 61.6%
- Renter-occupied
- 38.4%
- Vacant
- 10.7%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.30
Winona Lake demographics
- Population
- 5,080
- Median age
- 28.9
- Under 18
- 16%
- 65 and older
- 15.5%
- Households
- 1,820
- Foreign-born
- 4%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Winona Lake ›
Education in Winona Lake
50.6% of adults 25 and older in Winona Lake have a bachelor's degree or higher (Indiana: 29.5%), and 13.7% have a graduate or professional degree.
Jobs and commute in Winona Lake
- Unemployment rate
- 1.4%State: 4.3%
- Average commute
- 14 minState: 24 min
- Work from home
- 8.7%
- Drive alone
- 75.2%
- Public transit
- 0%
- Walk to work
- 10.1%
- Homes with broadband
- 95.7%
Winona Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Winona Lake | 5,080 | $82,188 | $274,500 | $1,132 |
| Warsaw | 16,768 | $61,035 | $181,200 | $1,066 |
| Pierceton | 1,451 | $80,625 | $117,600 | $912 |
| Claypool | 318 | $60,417 | $110,800 | $1,098 |
| Barbee | 1,464 | $95,375 | $244,500 | $1,326 |
| Oswego | 283 | $58,190 | $238,100 | — |
| Palestine | 1,085 | $91,653 | $158,200 | $1,083 |
| Leesburg | 652 | $101,563 | $172,300 | $1,071 |
| Sidney | 123 | $50,250 | $118,800 | $1,188 |
More for people moving to Winona Lake
Winona Lake ZIP code ›Weather and climate ›Living in Winona Lake: FAQ
What is the median household income in Winona Lake, IN?
The median household income in Winona Lake is $82,188, 14% higher 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 Winona Lake?
The median home value in Winona Lake is $274,500, compared with $218,200 in Indiana.
How much is rent in Winona Lake?
The median gross rent in Winona Lake is $1,132 per month, about 31.2% of household income.
Is Winona Lake, IN a good place to live?
Pluses: median household income 14% higher than the Indiana median; an average commute of 14 minutes; unemployment of 1.4%; a poverty rate of 8%. Minuses: home values 26% higher than the state median.
What is the median age in Winona Lake?
The median age in Winona Lake is 28.9 years (Indiana: 38.1).
How long is the commute in Winona Lake?
The average commute to work in Winona Lake is 14 minutes; 8.7% of workers work from home.
What is the unemployment rate in Winona Lake?
The unemployment rate in Winona Lake is 1.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Winona Lake?
50.6% of adults in Winona Lake 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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