A+
5%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Winona Lake Indiana National
Cost of living9590100
Goods & Services9694100
Groceries10198100
Health care9696100
Housing8972100
Transportation9895100
Utilities102107100
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Cost Of Living Quick Facts

  • The cost of living in Winona Lake is 6% higher than the Indiana average
  • The cost of living in Winona Lake is 5% lower than the national average
  • Winona Lake housing is 11% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Winona Lake

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Compare Winona Lake, IN Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$86,149$7,179$2,010$2,585
          Renters$36,312$3,026$847$1,089
          The affordability of the housing market in Winona Lake, IN as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Winona Lake homeowners, the median income is $86,149. This indicates that a monthly maximum of $2,010 should be spent by homeowners on all housing related costs. Renters have a median income of $36,312. This indicates that renters would have a maximum of $847 for their rent related monthly costs.

          Indiana Sales Tax

          State General Sales Tax With Max Surtax
          Indiana 7% 7%

          Indiana Income Tax

          State Income Tax (Low) Income Tax (High)
          Indiana 3.15% 3.15%

          Goods & Services

          Item Winona Lake National avg. Difference
          Haircut $26.22$24.268.1%
          Beauty Salon $33.78$45.5625.9%
          Toothpaste $3.63$3.702.0%
          Shampoo $1.32$1.283.3%
          Movie $12.75$12.135.1%
          Bowling $16.72$18.007.1%

          Groceries

          Item Winona Lake National avg. Difference
          Ground Beef $6.10$5.844.4%
          Fried Chicken $1.64$1.574.1%
          Milk $4.74$4.671.5%
          Potatoes $5.08$4.933.0%
          Pizza $12.79$12.095.8%
          Beer $10.06$10.413.3%

          Health Care

          Item Winona Lake National avg. Difference
          Optometrist $104.30$125.6817.0%
          Doctor $119.61$135.7811.9%
          Dentist $110.00$113.292.9%
          Ibuprofen $10.59$10.650.6%
          Lipitor $528.19$468.6012.7%

          Housing

          Item Winona Lake National avg. Difference
          Home Price $150,400.00$184,700.0018.6%
          Avg. Mortgage Payment $1,635.69$2,346.6930.3%
          Apartment Rent $997.00$949.005.1%

          Transportation

          Item Winona Lake National avg. Difference
          Gasoline $3.35$3.463.2%
          Tire Balancing $59.65$59.920.5%

          Utilities

          Item Winona Lake National avg. Difference
          All Electricity $197.87$193.992.0%
          Phone $192.69$192.250.2%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Sidney, IN648020.3%
          Claypool, IN5298217.8%
          Cromwell, IN4798316.6%
          Burket, IN1807920.8%
          South Whitley, IN1,5128515.3%
          Winona Lake, IN4,902954.9%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          East Moriches, NY4,90214646.1%
          Kneehill County, AB4,902n/a 
          Sergeant Bluff, IA4,901990.7%
          Desloge, MO4,9018217.5%
          Salem, MO4,9047920.7%
          Winona Lake, IN4,902954.9%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.