Pros and Cons of Living in Winona

Winona's core trade-off pairs genuine affordability and a real dual-university identity against a real, historic flood risk and a real income/poverty gap against its surrounding county.

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Pro: genuinely affordable housing

Winona's home values ($222,477-$256,640 depending on source) run below every other market in this four-city Minnesota Tier B batch -- the most affordable market here.

Pro: a real, distinct dual-university college-town identity

Winona State University and Saint Mary's University of Minnesota together give Winona a genuine, dual institutional identity distinct from every other market in this batch, alongside Fastenal's real Fortune 500 headquarters presence.

Con: a real, historic Mississippi River flood risk

Winona's river crested at a record 20.77 feet in April 1965; a real, roughly 10-mile levee system manages this risk today, but it remains a genuine, distinct hazard among this batch's markets.

Con: a real city/county income and poverty gap

Winona's city-level median household income ($56,337) and poverty rate (23.1%) both run notably worse than the surrounding county -- substantially, though this record discloses not entirely, a college-town student-income statistical effect.

Key takeaways

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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.