Winsted, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Winsted, Minnesota had a total population of 2,181, the 251st largest city in Minnesota, with a median household income of $67,200, which is 25% lower than the state average. The poverty rate is 11.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 0.8%.
Winsted Quick Facts
How Winsted Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,023 | 2,181 | +7.8% |
| Median household income | $70,208 | $67,200 | -4.3% |
| Median home value | $210,200 | $201,900 | -3.9% |
How Winsted Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Winsted Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in McLeod County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hutchinson | 14,680 | $72,836 | 12.4% | $229,600 |
| Glencoe | 5,695 | $71,356 | 9.2% | $227,900 |
| Lester Prairie | 1,898 | $96,544 | 3.0% | $237,400 |
| Silver Lake | 815 | $74,432 | 3.3% | $202,600 |
| Stewart | 644 | $65,982 | 6.7% | $125,400 |
| Brownton | 546 | $79,712 | 10.7% | $162,500 |
| Plato | 242 | $91,250 | 0.0% | $239,700 |
| Biscay | 138 | $138,750 | 0.0% | $188,900 |
Cities Similar to Winsted
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Olivia | 2,205 | $63,098 | $159,200 | 21.1% | 13.4% |
| Slayton | 2,141 | $62,344 | $161,700 | 30.0% | 14.3% |
| Mountain Lake | 2,070 | $66,490 | $143,100 | 21.3% | 14.3% |
| Arlington | 2,065 | $68,073 | $206,300 | 16.6% | 8.6% |
| Spring Valley | 2,307 | $66,339 | $160,800 | 18.1% | 9.3% |
Population Overview
Winsted is a small community located in Minnesota, within McLeod County. The total population is 2,181. It ranks as the 251st most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Winsted is 40.9 years. This is 5% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Winsted is $67,200. This is 25% lower than the state median of $89,062. It is also 17% lower than the national median of $80,734. The poverty rate stands at 11.3%. This is 21% higher than the state poverty rate of 9.3%. The unemployment rate is 0.8%. This is 81% lower than the state rate of 4.1%. The median home value is $201,900. Housing costs are 39% lower than the state median of $329,300. The home-value-to-income ratio is 3.0x. 79.0% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 72.2%.
Race & Ethnicity
Winsted has a predominantly White (non-Hispanic) population, comprising 93.5% of all residents. Hispanic or Latino residents account for 2.1%. The Hispanic or Latino population (2.1%) is well below the state average of 6.4%.
Education
16.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 57% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.0%.
Data Sources & Methodology
All demographic data for Winsted, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Winsted, Minnesota?
Winsted, Minnesota has a population of 2,181 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Winsted, MN?
The median household income in Winsted is $67,200, which is 17% lower than the national median of $80,734.
What is the poverty rate in Winsted, MN?
The poverty rate in Winsted is 11.3%. This means approximately 238 residents live below the federal poverty line.
What is the racial makeup of Winsted, Minnesota?
Winsted's population is 93.5% White, 0.0% Black, 2.1% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Winsted, MN?
The median home value in Winsted is $201,900. The home-value-to-income ratio is 3.0x.
How educated is Winsted, Minnesota?
16.9% of adults (25+) in Winsted hold a bachelor's degree or higher, and 1.9% hold a graduate or professional degree.