Winamac, IN
Population 2,445 · Indiana
About Winamac, IN
Winamac is a small town located in Indiana with a population of 2,445 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,571 per year, which is 42% below the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Winamac features a median home value of $112,000, which is 54% below the national median of $244,900. This makes Winamac one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $708, 39% below the national average of $1,163/month. Of the 1,223 total housing units, 53% are owner-occupied (551 units) and 47% are renter-occupied (487 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Winamac shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 23.0%, above the national average of 12.4%. Workers in Winamac have an average one-way commute time of 24.5 minutes.
Education & Demographics
15.0% of Winamac residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.9% White, 1.3% Hispanic or Latino, 0.3% Black or African American, and 0.8% Asian residents, with 7.9% of the population being foreign-born.
Cost of Living in Winamac, IN
Compared to national averages, Winamac has a median household income of $43,571 (42% below the national median of $75,149). Home values average $112,000, which is 54% below the national median. Monthly rent at $708 is 39% below the US average of $1,163. Within Indiana, Winamac's income is 37% below the state average of $69,330, and home values are 31% below the state median of $163,409.
Why Live in Winamac, IN?
Winamac offers affordable housing with a median home value of $112,000, below the US average of $244,900, and rent that’s lower than the national average at $708/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features short commute times averaging just 24.5 minutes.
Potential considerations include median household income ($43,571) that falls below the national average. However, Winamac’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Winamac has a population of 2,445 with a median age of 35.1 years. Compare Winamac with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Winamac
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bloomfield | 2,440 | $51,144 | $108,700 | Compare |
| Ingalls | 2,453 | $72,330 | $161,000 | Compare |
| Brooklyn | 2,410 | $60,742 | $117,800 | Compare |
| Wakarusa | 2,519 | $76,008 | $202,400 | Compare |
| New Chicago | 2,348 | $54,700 | $118,900 | Compare |
| Ferdinand | 2,346 | $74,943 | $172,700 | Compare |
| Rockville | 2,551 | $48,125 | $97,800 | Compare |
| Lapel | 2,568 | $77,563 | $201,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Winamac With Other Cities
Frequently Asked Questions about Winamac
What is the population of Winamac, IN?
The population of Winamac, IN is 2,445 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Winamac?
The median household income in Winamac, IN is $43,571 per year, which is 42% below the national median of $75,149.
What is the median home value in Winamac?
The median home value in Winamac, IN is $112,000, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Winamac?
The median monthly rent in Winamac, IN is $708, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Winamac?
The unemployment rate in Winamac, IN is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Winamac, IN a good place to live?
Winamac offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,445 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is Winamac, IN?
15.0% of residents in Winamac aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Winamac?
Key cost-of-living indicators for Winamac, IN: median home value is $112,000 (54% below national), median rent is $708/month, and median household income is $43,571. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Winamac?
The poverty rate in Winamac, IN is 23.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Winamac, IN?
Winamac's population is 5.9% White, 1.3% Hispanic or Latino, 0.3% Black or African American, 0.8% Asian, and 0.7% two or more races. 7.9% of residents are foreign-born.