Living in Wells, Minnesota
Cost of living, income, home prices, rent and demographics of Wells · Census data 2020–2024
Wells has 2,296 residents with a median age of 46.3. The median household income is $60,156 (32% lower than the Minnesota median), the median home value is $103,900, the median rent is $694/month.
Wells at a glance
- Population
- 2,296
- Median age
- 46.3State: 38.8
- Median household income
- $60,156State: $89,062
- Median home value
- $103,900State: $329,300
- Median rent
- $694/moState: $1,280
- Homeowners
- 76.1%
- Bachelor's degree or higher
- 20.9%
- Average commute
- 18 min
Is Wells a good place to live?
Pros: Home values 68% lower than the state median; an average commute of 18 minutes; unemployment of 3.4%; a poverty rate of 8.7%.
Cons: Median household income 32% lower than the Minnesota median.
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 $103,900, 69% lower than the U.S. median. Renters pay a median of $694 per month, which is 28.3% of household income. Homeowners with a mortgage pay $1,019 a month in housing costs.
Wells median household income
The median household income in Wells is $60,156 and the income per person is $33,190. 8.7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Wells: homes for sale and rent
- Housing units
- 1,200
- Owner-occupied
- 76.1%
- Renter-occupied
- 23.9%
- Vacant
- 6.6%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.01
Wells demographics
- Population
- 2,296
- Median age
- 46.3
- Under 18
- 18.6%
- 65 and older
- 28.3%
- Households
- 1,121
- Foreign-born
- 1.3%
- Veterans
- 12.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Wells ›
Education in Wells
20.9% of adults 25 and older in Wells have a bachelor's degree or higher (Minnesota: 39.4%), and 4.6% have a graduate or professional degree.
Jobs and commute in Wells
- Unemployment rate
- 3.4%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 5.6%
- Drive alone
- 80.7%
- Public transit
- 0%
- Walk to work
- 6.6%
- Homes with broadband
- 83.7%
Wells vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wells | 2,296 | $60,156 | $103,900 | $694 |
| Minnesota Lake | 687 | $68,750 | $158,100 | $1,015 |
| Easton | 178 | $76,250 | $98,500 | $1,125 |
| Freeborn | 348 | $50,000 | $88,800 | $642 |
| Alden | 629 | $73,250 | $128,400 | $1,042 |
| Hartland | 422 | $86,250 | $166,900 | $529 |
| Bricelyn | 392 | $52,750 | $58,100 | $621 |
| Waldorf | 171 | $48,000 | $133,000 | — |
| Delavan | 160 | $63,125 | $57,700 | — |
More for people moving to Wells
Wells ZIP code ›Weather and climate ›Living in Wells: FAQ
What is the median household income in Wells, MN?
The median household income in Wells is $60,156, 32% lower than the Minnesota median of $89,062 (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 $103,900, compared with $329,300 in Minnesota.
How much is rent in Wells?
The median gross rent in Wells is $694 per month, about 28.3% of household income.
Is Wells, MN a good place to live?
Pluses: home values 68% lower than the state median; an average commute of 18 minutes; unemployment of 3.4%; a poverty rate of 8.7%. Minuses: median household income 32% lower than the Minnesota median.
What is the median age in Wells?
The median age in Wells is 46.3 years (Minnesota: 38.8).
How long is the commute in Wells?
The average commute to work in Wells is 18 minutes; 5.6% of workers work from home.
What is the unemployment rate in Wells?
The unemployment rate in Wells is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wells?
20.9% 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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