salaryRent is higher than in 62% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are short, about 13.6 minutes.
How much money do I need?
To rent here comfortably, you should earn about $75,440 a year. That is $36 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
No. Rent here is more expensive than in most of Indiana. It is number 126 of 132 cities from cheapest to most expensive.
How much do households earn in Winona Lake?
Share of households by yearly income. 39.2% of households earn $100,000 or more.
Rent by apartment size in Winona Lake
| Size | Winona Lake | U.S. average |
|---|---|---|
| 1 bedroom | $963 | $1,324 |
| 2 bedrooms | $1,006 | $1,509 |
| 3 bedrooms | $1,404 | $1,698 |
| 4 bedrooms | $1,848 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Winona Lake 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 Winona Lake, so the Indiana figure is shown.
Taxes and bills in Winona Lake
Life in Winona Lake
Is it cheaper to rent or buy in Winona Lake?
About the same. Renting and owning cost within $19 of each other each month.
Owning assumes a typical $274,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,450 for the down payment.
Frequently asked questions
What is the average rent in Winona Lake, IN?
Renting in Winona Lake costs a median of about $1,886 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Winona Lake?
To keep rent under 30% of income, you need about $75,440 a year, or $36 an hour at a full-time job.
Is Winona Lake cheap or expensive?
Winona Lake is rated OK: rent takes 25.5% of the typical household income of $88,640. It ranks 126th cheapest of 132 Indiana cities we track.
How much are property taxes in Winona Lake?
The median homeowner in Winona Lake pays $1,763 a year in property taxes, about 0.64% of the median home value.
Is Winona Lake 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 Winona Lake?
The median home value in Winona Lake is $274,500, about 3.1 times the typical yearly household income.
5,080 people live in Winona Lake. Numbers are typical (middle) values.