Living in Wellman, Iowa
Cost of living, income, home prices, rent and demographics of Wellman · Census data 2020–2024
Wellman has 1,454 residents with a median age of 40.4. The median household income is $57,560 (23% lower than the Iowa median), the median home value is $174,500, the median rent is $820/month.
Wellman is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wellman at a glance
- Population
- 1,454
- Median age
- 40.4State: 38.6
- Median household income
- $57,560State: $75,059
- Median home value
- $174,500State: $208,000
- Median rent
- $820/moState: $972
- Homeowners
- 72.8%
- Bachelor's degree or higher
- 20.3%
- Average commute
- 25 min
Is Wellman a good place to live?
Pros: Home values 16% lower than the state median; unemployment of 0.6%; a poverty rate of 3.6%.
Cons: Median household income 23% lower than the Iowa median; an average commute of 25 minutes.
The weather is best in May and July to September.
Cost of living in Wellman
Housing is the biggest part of the cost of living. In Wellman the median home value is $174,500, 48% lower than the U.S. median. Renters pay a median of $820 per month, which is 21.7% of household income. Homeowners with a mortgage pay $1,346 a month in housing costs.
Wellman median household income
The median household income in Wellman is $57,560 and the income per person is $31,234. 3.6% of residents live below the poverty line (Iowa: 11.1%).
Housing in Wellman: homes for sale and rent
- Housing units
- 640
- Owner-occupied
- 72.8%
- Renter-occupied
- 27.2%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.36
Wellman demographics
- Population
- 1,454
- Median age
- 40.4
- Under 18
- 25.3%
- 65 and older
- 28.5%
- Households
- 581
- Foreign-born
- 0.8%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Wellman ›
Education in Wellman
20.3% of adults 25 and older in Wellman have a bachelor's degree or higher (Iowa: 31.4%), and 3.4% have a graduate or professional degree.
Jobs and commute in Wellman
- Unemployment rate
- 0.6%State: 3.6%
- Average commute
- 25 minState: 20 min
- Work from home
- 6.4%
- Drive alone
- 85.9%
- Public transit
- 0%
- Walk to work
- 4.1%
- Homes with broadband
- 92.9%
Wellman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wellman | 1,454 | $57,560 | $174,500 | $820 |
| Kalona | 2,692 | $80,129 | $257,900 | $853 |
| Kinross | 171 | $73,438 | $73,100 | — |
| Frytown | 113 | $104,911 | — | — |
| West Chester | 178 | $49,375 | $80,300 | $756 |
| Keota | 891 | $64,188 | $106,600 | $776 |
| Parnell | 303 | $70,893 | $181,300 | $679 |
| North English | 852 | $54,531 | $118,600 | $680 |
| South English | 260 | $51,016 | $97,000 | — |
More for people moving to Wellman
Wellman ZIP code ›Weather and climate ›Living in Wellman: FAQ
What is the median household income in Wellman, IA?
The median household income in Wellman is $57,560, 23% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Wellman?
The median home value in Wellman is $174,500, compared with $208,000 in Iowa.
How much is rent in Wellman?
The median gross rent in Wellman is $820 per month, about 21.7% of household income.
Is Wellman, IA a good place to live?
Pluses: home values 16% lower than the state median; unemployment of 0.6%; a poverty rate of 3.6%. Minuses: median household income 23% lower than the Iowa median; an average commute of 25 minutes.
What is the median age in Wellman?
The median age in Wellman is 40.4 years (Iowa: 38.6).
How long is the commute in Wellman?
The average commute to work in Wellman is 25 minutes; 6.4% of workers work from home.
What is the unemployment rate in Wellman?
The unemployment rate in Wellman is 0.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wellman?
20.3% of adults in Wellman have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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