Living in Winsted, Minnesota
Cost of living, income, home prices, rent and demographics of Winsted · Census data 2020–2024
Winsted has 2,181 residents with a median age of 40.9. The median household income is $67,200 (25% lower than the Minnesota median), the median home value is $201,900, the median rent is $834/month.
Winsted at a glance
- Population
- 2,181
- Median age
- 40.9State: 38.8
- Median household income
- $67,200State: $89,062
- Median home value
- $201,900State: $329,300
- Median rent
- $834/moState: $1,280
- Homeowners
- 79%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 27 min
Is Winsted a good place to live?
Pros: Home values 39% lower than the state median; unemployment of 0.8%.
Cons: Median household income 25% lower than the Minnesota median; an average commute of 27 minutes; a poverty rate of 11.3%.
The weather is best in June to September.
Cost of living in Winsted
Housing is the biggest part of the cost of living. In Winsted the median home value is $201,900, 39% lower than the U.S. median. Renters pay a median of $834 per month, which is 35.4% of household income. Homeowners with a mortgage pay $1,493 a month in housing costs.
Winsted median household income
The median household income in Winsted is $67,200 and the income per person is $37,904. 11.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Winsted: homes for sale and rent
- Housing units
- 1,011
- Owner-occupied
- 79%
- Renter-occupied
- 21%
- Vacant
- 3.3%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.15
Winsted demographics
- Population
- 2,181
- Median age
- 40.9
- Under 18
- 19.2%
- 65 and older
- 16.3%
- Households
- 978
- Foreign-born
- 2.1%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Winsted ›
Education in Winsted
16.9% of adults 25 and older in Winsted have a bachelor's degree or higher (Minnesota: 39.4%), and 1.9% have a graduate or professional degree.
Jobs and commute in Winsted
- Unemployment rate
- 0.8%State: 4.1%
- Average commute
- 27 minState: 23 min
- Work from home
- 6.8%
- Drive alone
- 74.8%
- Public transit
- 0%
- Walk to work
- 3.3%
- Homes with broadband
- 89.9%
Winsted vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Winsted | 2,181 | $67,200 | $201,900 | $834 |
| Lester Prairie | 1,898 | $96,544 | $237,400 | $688 |
| New Germany | 595 | $93,864 | $258,000 | $1,107 |
| Howard Lake | 1,832 | $92,188 | $273,600 | $911 |
| Silver Lake | 815 | $74,432 | $202,600 | $844 |
| Waverly | 2,285 | $112,222 | $323,100 | $941 |
| Mayer | 2,518 | $124,917 | $342,700 | $1,563 |
| Montrose | 3,888 | $102,625 | $275,700 | $1,474 |
| Watertown | 4,790 | $99,671 | $337,200 | $927 |
More for people moving to Winsted
Winsted ZIP code ›Weather and climate ›Living in Winsted: FAQ
What is the median household income in Winsted, MN?
The median household income in Winsted is $67,200, 25% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Winsted?
The median home value in Winsted is $201,900, compared with $329,300 in Minnesota.
How much is rent in Winsted?
The median gross rent in Winsted is $834 per month, about 35.4% of household income.
Is Winsted, MN a good place to live?
Pluses: home values 39% lower than the state median; unemployment of 0.8%. Minuses: median household income 25% lower than the Minnesota median; an average commute of 27 minutes; a poverty rate of 11.3%.
What is the median age in Winsted?
The median age in Winsted is 40.9 years (Minnesota: 38.8).
How long is the commute in Winsted?
The average commute to work in Winsted is 27 minutes; 6.8% of workers work from home.
What is the unemployment rate in Winsted?
The unemployment rate in Winsted is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Winsted?
16.9% of adults in Winsted 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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