Cost of Living in Winchester, IN
Population 4,912 · Indiana · Data vintage 2023
(100 = US avg)
Winchester sits on the smaller end of the Indiana city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Winchester is about 50 miles northwest of Dayton, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Dayton's $93,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Winchester
The median home value in Winchester is $97,000 — 68% below the national median of $305,000. Median rent runs $727/month, 45% lower than the national median of $1,314/month. The median household income of $60,833/year is 18% lower than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Winchester has a cost of living index of 41 versus the US average of 100, meaning it is 59% less expensive.
Winchester has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Winchester, IN?
Winchester has a cost index of 41 (100 = national average). It is 59% below the national average.
What is average rent in Winchester, IN?
The median gross rent in Winchester is $727 per month based on 2023 Census data.
What is the average home price in Winchester?
The median home value in Winchester is $97,000 according to Zillow and Census data.
What is the median income in Winchester?
The median household income in Winchester is $60,833 per year (2023 ACS 5-year estimates).
What is the sales tax in Winchester, IN?
The combined state and local sales tax rate in Winchester is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Winchester, IN affordable?
Yes, Winchester is generally considered affordable, with a cost of living index of 41 — about 59% below the US national average of 100.
Winchester at a Glance
- Population
- 4,912
- Median Income
- $60,833
- Home Value
- $97,000
- Median Rent
- $727/mo
- Unemployment
- 5.0%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
Similar Cost Cities
Cities in other states with comparable housing costs