Winona Lake, IN
Population 5,073 · Indiana
About Winona Lake, IN
Winona Lake is a small community in Indiana with a population of 5,073 residents. The median household income is $97,813 per year, which is above the national average. The median age in Winona Lake is 28 years.
Housing in Winona Lake has a median home value of $242,400 and median monthly rent of $1,074. Of the 1,969 total housing units, the majority are owner-occupied, with 1,121 owner-occupied and 589 renter-occupied units.
The unemployment rate in Winona Lake is 1.0% and the poverty rate is 6.9%. 50.8% of residents hold a bachelor's degree or higher. The average commute time is 14.2 minutes.
How Winona Lake Ranks in Indiana
Cost of Living in Winona Lake, IN
Compared to national averages, Winona Lake has a median household income of $97,813 (30% above the national median of $75,149). Home values average $242,400, which is 1% below the national median. Monthly rent at $1,074 is 8% below the US average of $1,163. Within Indiana, Winona Lake's income is 41% above the state average of $69,330, and home values are 48% above the state median of $163,409.
Why Live in Winona Lake, IN?
Winona Lake offers a strong local economy with a median household income of $97,813, well above the national average, and affordable housing with a median home value of $242,400, below the US average of $244,900, and rent that’s lower than the national average at $1,074/month. Additionally, the city features a strong job market with an unemployment rate of just 1.0%, and a well-educated community where 50.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 14.2 minutes.
Winona Lake has a population of 5,073 with a median age of 28 years. Compare Winona Lake with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Winona Lake
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fortville | 5,092 | $82,763 | $240,300 | Compare |
| Pendleton | 5,115 | $87,971 | $236,200 | Compare |
| Alexandria | 5,145 | $60,616 | $92,700 | Compare |
| Linton | 5,153 | $41,968 | $86,800 | Compare |
| Lawrenceburg | 5,155 | $52,778 | $191,400 | Compare |
| Highland | 5,188 | $95,696 | $216,800 | Compare |
| Porter | 5,208 | $74,155 | $259,700 | Compare |
| Winchester | 4,912 | $60,833 | $97,000 | 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.
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Frequently Asked Questions about Winona Lake
What is the population of Winona Lake, IN?
The population of Winona Lake, IN is 5,073 according to the latest Census data.
What is the median household income in Winona Lake?
The median household income in Winona Lake, IN is $97,813 per year.
What is the median home value in Winona Lake?
The median home value in Winona Lake, IN is $242,400.
What is the average rent in Winona Lake?
The median monthly rent in Winona Lake, IN is $1,074.
What is the unemployment rate in Winona Lake?
The unemployment rate in Winona Lake, IN is 1.0%.