Winona, Minnesota Income Statistics
Winona Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Winona Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,926 | $89,852 | $80,455 |
| Median Personal Income | $47,176 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.4% | 4.8% |
| Six-Figure Earners | 6.1% | 15.1% | 13.9% |
| $200k+ Households | 4.2% | 13.8% | 13.2% |
The median household income in Winona is about 38% lower than in Minnesota. Income has been growing slower in Winona (4.0%/yr) than in Minnesota (4.4%/yr).
About 6% of adults in Winona earn six figures ($100,000 or more) a year, lower than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Winona, Minnesota grew by 69.3% from 2009 to 2024, reaching $55,926 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Winona
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.507 | 0.552 |
| Male Median Income | $55,915 | $74,898 | $69,667 |
| Female Median Income | $46,349 | $62,922 | $56,850 |
| Gender Pay Gap | 17.1% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Winona, it is 0.533, higher than Minnesota's 0.507, so income is less evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Winona, Minnesota. Over a 35-year career, a 21% wage gap accumulates to roughly $334,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Winona, Minnesota has narrowed from about 21% to 17% in 2024. Over that period the gap was widest at 23% in 2011, and was narrowest at 14% in 2020. In dollar terms, the gap has widened by $1,326 since 2009.
Employment
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.1% | 5.2% |
| Working from Home | 8.9% | 17.6% | 15.0% |
| Commute time (minutes) | 10 | 20 | 22 |
Approximately 356 people are unemployed in Winona, Minnesota.
The average commute time in Winona is 10 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Winona, Minnesota has fallen from 9.3% to 2.7% in 2024. Over that period the rate peaked at 10.9% in 2013.
Conclusion
Considering all these factors, Winona, Minnesota has an overall wealth index grade of C, making it somewhat worse than Minnesota, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Winona, Minnesota.
How Rich Is Winona, Minnesota?
Winona has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $55,926, about 38% lower than the Minnesota average of $89,852.
How fast is household income rising in Winona, Minnesota?
Between 2009 and 2024, the median household income in Winona, Minnesota rose 69%, from $33,032 to $55,926. Over the same years, income here outpaced Minnesota as a whole: +69% against +57%.
What was the median household income in Winona in 2023?
In 2023, the median household income in Winona, Minnesota was $55,671, up 10% from $50,493 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Winona in 2020?
In 2020, the median household income in Winona, Minnesota was $47,227. By 2024 it had risen 18% to $55,926.
Is it hard to find a job in Winona, Minnesota?
Unemployment in Winona, Minnesota is only 2.7%, well below the Minnesota rate of 4.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Winona, Minnesota?
The Gini coefficient in Winona is 0.533. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Winona, Minnesota?
Since 2009, the income gap between men and women in Winona, Minnesota has narrowed from about 21% to 17% in 2024. Over that period the gap was widest at 23% in 2011, and was narrowest at 14% in 2020. In dollar terms, the gap has widened by $1,326 since 2009.
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