Wealth Index
Less wealthy than 81% of counties in Minnesota
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Winona County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,387 | $88,383 | $78,145 |
| Median Personal Income | $53,362 | $67,709 | $61,726 |
| Average income growth | 4.0% | 4.8% | 5.1% |
| Six-Figure Earners | 8.0% | 14.5% | 13.2% |
The median household income in Winona County is about 21% lower than in Minnesota. Income has been growing slower in Winona County (4.0%/yr) than in Minnesota (4.8%/yr).
About 8% of adults in Winona County earn six figures ($100,000 or more) a year, lower than the Minnesota average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Winona County, Minnesota grew by 61.1% from 2009 to 2023, reaching $69,387 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Winona County | Gender Pay Gap | Gini Coefficient
| Metric | Winona County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.520 | 0.570 |
| Male Median Income | $59,486 | $73,285 | $67,746 |
| Female Median Income | $47,236 | $61,000 | $54,793 |
| Gender Pay Gap | 20.6% | 16.8% | 19.1% |
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 County, it is 0.515, about the same as Minnesota's 0.520, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 26% more than women's income in Winona County, Minnesota. Over a 35-year career, a 26% wage gap accumulates to roughly $428,750 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 County, Minnesota has narrowed from about 25% to 21% in 2023. In dollar terms, the gap has widened by $1,760 since 2009.
Employment
| Metric | Winona County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 3.9% | 5.2% |
| Working from Home | 9.5% | 15.9% | 13.4% |
| Commute time (minutes) | 13 | 20 | 22 |
Approximately 865 people are unemployed in Winona County, Minnesota.
The average commute time in Winona County is 13 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Winona County, Minnesota has fallen from 7.2% to 3.0% in 2023.
Conclusion
Considering all these factors, Winona County, 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 County, Minnesota.
How Rich Is Winona County, Minnesota?
Winona County 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 $69,387, about 21% lower than the Minnesota average of $88,383.
What is the current median household income in Winona County, Minnesota?
As of 2023, the median household income in Winona County, Minnesota is $69,387.
What was the median household income in Winona County in 2023?
In 2023, the median household income in Winona County, Minnesota was $69,387.
What was the median household income in Winona County in 2020?
In 2020, the median household income in Winona County, Minnesota was $60,029.
What is the Gini coefficient in Winona County, Minnesota?
The Gini coefficient in Winona County is 0.515. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Winona County, Minnesota?
Since 2009, the income gap between men and women in Winona County, Minnesota has narrowed from about 25% to 21% in 2023. In dollar terms, the gap has widened by $1,760 since 2009.