Cost of Living in Warsaw

Warsaw's cost of living carries a genuinely wide, disclosed home-price spread that likely reflects a real lakefront-property premium, paired with a genuinely low property-tax rate.

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A real, unusually wide home-price spread

Kosciusko County's median sale price ran $220,000 (January 2026), while separate Warsaw-specific figures ran $260,000 and as high as $427,000 (July 2026) -- the widest disclosed spread across this batch's four markets, plausibly driven by lakefront-property premiums around Lake Wawasee and Lake Tippecanoe.

The lowest property tax rate in this batch

Kosciusko County's 0.60% effective property tax rate runs the lowest of this batch's four markets, well below the roughly 1.02% national median.

A modestly below-national household income

Warsaw's median household income ($61,035) runs modestly below the national median, alongside a real, disclosed 17.64% poverty rate -- though directly adjacent Winona Lake carries a materially higher income ($97,813).

A low combined income tax burden

Kosciusko County's real, current flat 1.00% local income tax, added to Indiana's flat 2.95% state rate, brings the combined burden to approximately 3.95% -- genuinely low by national standards.

Key takeaways

Home prices carry a real, wide $220,000-$427,000 spread, plausibly lakefront-driven.
Kosciusko County's 0.60% effective property tax rate is the lowest in this batch.
Warsaw's median household income ($61,035) runs modestly below the national median; adjacent Winona Lake runs materially higher.
Combined income tax burden runs approximately 3.95%.

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.