Quick facts: Winona, MS

Quick Facts

92.7
Cost of Living
below US average
4,159
Population
10.58
Crime Rate per 1000
below US average
$26,250
Median Income
below US average
$175,000
Median House Price
above US average
$1309
Average Rent
below US average
24%
Poverty Rate
above US average
3.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $26,250.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $26,250
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1309/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $26,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Winona, MS

Winona is a small city located in Montgomery County, Mississippi. Situated approximately 100 miles north of Jackson, the state capital, Winona serves as a key hub for the surrounding rural areas. Known for its rich history and southern charm, the city boasts a population of around 5,000 residents. The downtown area features a charming mix of historic buildings, local shops, and eateries, giving it a quaint, small-town feel. Outdoor enthusiasts can enjoy the nearby Enid Lake, which offers recreational activities like boating, fishing, and hiking. Additionally, Winona is home to several historic sites and local festivals that celebrate the city’s heritage and community spirit. The city is also recognized for its connection to the quilt-making tradition, with events that showcase local artisans’ work. With its friendly atmosphere and strong sense of community, Winona provides a peaceful lifestyle while still being accessible to larger cities for additional amenities and services. Overall, it's a hidden gem in the heart of Mississippi.

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