salaryRent is lower than in 88% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 15.6 minutes.
How much money do I need?
To rent here comfortably, you should earn about $40,040 a year. That is $19 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
Yes. Rent here is cheaper than in most of Indiana. It is number 34 of 132 cities from cheapest to most expensive.
How much do households earn in Winchester?
Share of households by yearly income. 9.3% of households earn $100,000 or more.
Rent by apartment size in Winchester
| Size | Winchester | U.S. average |
|---|---|---|
| 1 bedroom | $793 | $1,324 |
| 2 bedrooms | $719 | $1,509 |
| 3 bedrooms | $1,288 | $1,698 |
| 4 bedrooms | $977 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Winchester overall?
Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Winchester, so the Indiana figure is shown.
Taxes and bills in Winchester
Life in Winchester
Is it cheaper to rent or buy in Winchester?
Buying is cheaper month to month: about $324 a month less than renting.
Owning assumes a typical $97,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,760 for the down payment.
Frequently asked questions
What is the average rent in Winchester, IN?
Renting in Winchester costs a median of about $1,001 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Winchester?
To keep rent under 30% of income, you need about $40,040 a year, or $19 an hour at a full-time job.
Is Winchester cheap or expensive?
Winchester is rated OK: rent takes 21.2% of the typical household income of $56,555. It ranks 34th cheapest of 132 Indiana cities we track.
How much are property taxes in Winchester?
The median homeowner in Winchester pays $884 a year in property taxes, about 0.91% of the median home value.
Is Winchester more expensive than the national average?
Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Winchester?
The median home value in Winchester is $97,600, about 1.7 times the typical yearly household income.
5,284 people live in Winchester. Numbers are typical (middle) values.