Living in Wells, Maine
Cost of living, income, home prices, rent and demographics of Wells · Census data 2020–2024
Wells has 11,713 residents with a median age of 53.6. The median household income is $88,024 (18% higher than the Maine median), the median home value is $485,300, the median rent is $1,350/month.
Wells at a glance
- Population
- 11,713
- Median age
- 53.6State: 44.8
- Median household income
- $88,024State: $74,733
- Median home value
- $485,300State: $296,600
- Median rent
- $1,350/moState: $1,139
- Homeowners
- 90.1%
- Bachelor's degree or higher
- 43.3%
- Average commute
- 28 min
Is Wells a good place to live?
Pros: Median household income 18% higher than the Maine median; a poverty rate of 6.8%.
Cons: Home values 64% higher than the state median; an average commute of 28 minutes; unemployment of 6.2%.
The weather is best in June to September.
Cost of living in Wells
Housing is the biggest part of the cost of living. In Wells the median home value is $485,300, 46% higher than the U.S. median. Renters pay a median of $1,350 per month, which is 24% of household income. Homeowners with a mortgage pay $1,933 a month in housing costs.
Wells median household income
The median household income in Wells is $88,024 and the income per person is $48,140. 6.8% of residents live below the poverty line (Maine: 10.7%).
Housing in Wells: homes for sale and rent
- Housing units
- 9,644
- Owner-occupied
- 90.1%
- Renter-occupied
- 9.9%
- Vacant
- 47.5%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 2.31
47.5% of homes are vacant most of the year, a sign that Wells has many vacation and second homes.
Wells demographics
- Population
- 11,713
- Median age
- 53.6
- Under 18
- 18%
- 65 and older
- 31%
- Households
- 5,067
- Foreign-born
- 6.1%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Wells ›
Education in Wells
43.3% of adults 25 and older in Wells have a bachelor's degree or higher (Maine: 36.2%), and 15.9% have a graduate or professional degree.
Jobs and commute in Wells
- Unemployment rate
- 6.2%State: 3.8%
- Average commute
- 28 minState: 25 min
- Work from home
- 17.8%
- Drive alone
- 70%
- Public transit
- 1.1%
- Walk to work
- 1.4%
- Homes with broadband
- 96.1%
Wells vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wells | 11,713 | $88,024 | $485,300 | $1,350 |
| Kennebunk | 11,820 | $107,804 | $487,700 | $1,425 |
| Ogunquit | 1,379 | $114,259 | $875,700 | — |
| West Kennebunk | 1,395 | $124,167 | $554,100 | $1,602 |
| North Berwick | 5,129 | $101,875 | $428,500 | $1,105 |
| South Berwick | 7,670 | $99,572 | $428,300 | $1,726 |
| Cape Neddick | 2,453 | $108,412 | $684,400 | $1,750 |
| Sanford | 22,247 | $72,524 | $280,200 | $1,152 |
| York | 13,986 | $121,250 | $636,400 | $1,490 |
More for people moving to Wells
Wells ZIP code ›Weather and climate ›Living in Wells: FAQ
What is the median household income in Wells, ME?
The median household income in Wells is $88,024, 18% higher than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Wells?
The median home value in Wells is $485,300, compared with $296,600 in Maine.
How much is rent in Wells?
The median gross rent in Wells is $1,350 per month, about 24% of household income.
Is Wells, ME a good place to live?
Pluses: median household income 18% higher than the Maine median; a poverty rate of 6.8%. Minuses: home values 64% higher than the state median; an average commute of 28 minutes; unemployment of 6.2%.
What is the median age in Wells?
The median age in Wells is 53.6 years (Maine: 44.8).
How long is the commute in Wells?
The average commute to work in Wells is 28 minutes; 17.8% of workers work from home.
What is the unemployment rate in Wells?
The unemployment rate in Wells is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wells?
43.3% of adults in Wells 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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