Winsted, MN
Population 2,023 · Minnesota
About Winsted, MN
Winsted is a small community in Minnesota with a population of 2,023 residents. The median household income is $70,208 per year, which is above the national average. The median age in Winsted is 46.3 years.
Housing in Winsted has a median home value of $210,200 and median monthly rent of $797. Of the 1,025 total housing units, the majority are owner-occupied, with 724 owner-occupied and 242 renter-occupied units.
The unemployment rate in Winsted is 1.4% and the poverty rate is 11.3%. 14.3% of residents hold a bachelor's degree or higher. The average commute time is 30 minutes.
Cost of Living in Winsted, MN
Compared to national averages, Winsted has a median household income of $70,208 (7% below the national median of $75,149). Home values average $210,200, which is 14% below the national median. Monthly rent at $797 is 31% below the US average of $1,163. Within Minnesota, Winsted's income is 5% below the state average of $74,221, and home values are 3% above the state median of $204,472.
Why Live in Winsted, MN?
Winsted offers affordable housing with a median home value of $210,200, below the US average of $244,900, and rent that’s lower than the national average at $797/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 11.3%, better than the national average.
Potential considerations include median household income ($70,208) that falls below the national average. However, Winsted’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Winsted has a population of 2,023 with a median age of 46.3 years. Compare Winsted with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Winsted
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rice | 1,998 | $103,482 | $237,600 | Compare |
| Stacy | 1,992 | $76,875 | $222,800 | Compare |
| Esko | 2,063 | $116,406 | $278,800 | Compare |
| St. Bonifacius | 1,982 | $116,500 | $342,400 | Compare |
| Warroad | 2,067 | $50,685 | $195,000 | Compare |
| Blooming Prairie | 1,977 | $63,929 | $155,800 | Compare |
| Gaylord | 2,074 | $60,500 | $163,300 | Compare |
| Hoyt Lakes | 2,074 | $64,514 | $90,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Winsted
What is the population of Winsted, MN?
The population of Winsted, MN is 2,023 according to the latest Census data.
What is the median household income in Winsted?
The median household income in Winsted, MN is $70,208 per year.
What is the median home value in Winsted?
The median home value in Winsted, MN is $210,200.
What is the average rent in Winsted?
The median monthly rent in Winsted, MN is $797.
What is the unemployment rate in Winsted?
The unemployment rate in Winsted, MN is 1.4%.