Cost of Living & Housing in Winona
Winona's cost of living centers on genuinely affordable housing across every measure reviewed, offset by an effective property tax rate that runs well above both the national median and Mississippi's own statewide figures.
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Learn moreGenuinely affordable housing, with a real cross-source spread to confirm
Winona's own housing figures range from approximately $86,000 to $123,000 depending on source, with Montgomery County's broader median sale price running approximately $109,000 -- all well below Mississippi's own statewide typical value (base record).
A 1.56% effective property tax rate, the highest in Montgomery County
Winona's own 1.56% effective property tax rate (Ownwell) is the highest among Montgomery County's municipalities, running well above both the national median and Mississippi's own genuinely low statewide figure (base record).
Mississippi's flat 4.0% income tax and full retirement-income exemption
Mississippi's real, current individual income tax is a flat 4.0% rate for tax year 2026, with qualified retirement income -- Social Security, 401(k)/403(b), IRA, and pension income -- fully exempt from state tax (base record).
Confirm current rent and employer data directly
A reliable, city-specific median rent figure and a fully current, comprehensive named-employer list for Winona were not found with confidence this pass -- confirm both directly with the Winona Area Chamber of Commerce (base record).
Key takeaways
- Winona's housing runs genuinely affordable: approximately $86,000 to $123,000 depending on source.
- Winona's own 1.56% effective property tax rate is the highest in Montgomery County, above both the national and Mississippi statewide medians.
- Mississippi's flat 4.0% income tax and full retirement-income exemption apply in Winona as they do statewide.
- A confirmed, current rent figure and comprehensive employer list were not found with confidence this pass -- confirm directly.
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