Winsted, MN Profile: Facts & Data

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Winsted, Minnesota - Basic Facts

The City of Winsted had a population of 2,559 as of July 1, 2019. Winsted ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Winsted is located at latitude 44.9639 and longitude -94.0475 in McLeod County. The formal boundaries for the City of Winsted encompass a land area of 1.84 sq. miles and a water area of 0.01 sq. miles. McLeod County is in the Central time zone (GMT -6). The elevation is 1,027 feet.

The City of Winsted (GNIS ID: 2397351) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Winsted: City of Winsted.

Jump to... (On This Page!)
  1. Winsted 2019 Demographic Data
  2. Growth Rates for Winsted (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Winsted, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Winsted, MN Housing Affordability Index is 189
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Winsted, MN Wealth Index is 73
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,559 (100%)
Population in Households 2,495 (97.5%)
Population in Families 1,992 (77.8%)
Population in Group Quarters1 64 ( 2.5%)
Population Density 1,353
Diversity Index2 12
 

INCOME

Median Household Income $59,455
Average Household Income $74,475
Per Capita Income $29,660
Wealth Index4 73

HOUSING

Total Housing Units 1,098 (100%)
Owner Occupied HU 800 (72.9%)
Renter Occupied HU 231 (21.0%)
Vacant Housing Units 67 ( 6.1%)
Median Home Value $156,333
Housing Affordability Index3 189
 

HOUSEHOLDS

Total Households 1,031
Average Household Size 2.42
Family Households 671
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.9% 0.68%
Households 0.92% 0.67%
Families 1.29% 0.59%
Median Household Income   2.21%
Per Capita Income   2.65%

Winsted, MN - Peer Comparisons by Rank and Percentile

The table below compares Winsted to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 232 74th
Population Density # 168 82nd
Diversity Index # 551 40th
Median Household Income # 433 52nd
Per Capita Income # 522 42nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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