Living in Wells, Vermont
Cost of living, income, home prices, rent and demographics of Wells · Census data 2020–2024
Wells has 1,148 residents with a median age of 50.7. The median household income is $75,417 (7% lower than the Vermont median), the median home value is $243,000, the median rent is $1,313/month.
Wells is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wells at a glance
- Population
- 1,148
- Median age
- 50.7State: 43.1
- Median household income
- $75,417State: $81,203
- Median home value
- $243,000State: $316,600
- Median rent
- $1,313/moState: $1,234
- Homeowners
- 93.4%
- Bachelor's degree or higher
- 29.7%
- Average commute
- 48 min
Is Wells a good place to live?
Pros: Home values 23% lower than the state median.
Cons: Median household income 7% lower than the Vermont median; an average commute of 48 minutes; unemployment of 6.4%; a poverty rate of 15.5%.
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 $243,000, 27% lower than the U.S. median. Renters pay a median of $1,313 per month, which is 45% of household income. Homeowners with a mortgage pay $1,552 a month in housing costs.
Wells median household income
The median household income in Wells is $75,417 and the income per person is $45,892. 15.5% of residents live below the poverty line (Vermont: 10.1%).
Housing in Wells: homes for sale and rent
- Housing units
- 865
- Owner-occupied
- 93.4%
- Renter-occupied
- 6.6%
- Vacant
- 46%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.46
46% of homes are vacant most of the year, a sign that Wells has many vacation and second homes.
Wells demographics
- Population
- 1,148
- Median age
- 50.7
- Under 18
- 15.1%
- 65 and older
- 24.5%
- Households
- 467
- Foreign-born
- 2.5%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Wells ›
Education in Wells
29.7% of adults 25 and older in Wells have a bachelor's degree or higher (Vermont: 43.8%), and 15% have a graduate or professional degree.
Jobs and commute in Wells
- Unemployment rate
- 6.4%State: 3.6%
- Average commute
- 48 minState: 24 min
- Work from home
- 11.3%
- Drive alone
- 83.1%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 86.1%
Wells vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wells | 1,148 | $75,417 | $243,000 | $1,313 |
| Granville | 2,310 | $46,927 | $143,100 | $796 |
| Middletown Springs | 747 | $82,000 | $262,200 | $1,208 |
| Poultney | 1,033 | $70,536 | $196,600 | $868 |
| Pawlet | 1,480 | $62,273 | $266,200 | $1,153 |
| East Poultney | 176 | $73,059 | $225,000 | — |
| Tinmouth | 827 | $79,219 | $251,000 | — |
| North Granville | 531 | $69,363 | $133,800 | — |
| Danby | 1,133 | $77,321 | $272,400 | $794 |
More for people moving to Wells
Wells ZIP code ›Weather and climate ›Living in Wells: FAQ
What is the median household income in Wells, VT?
The median household income in Wells is $75,417, 7% lower than the Vermont median of $81,203 (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 $243,000, compared with $316,600 in Vermont.
How much is rent in Wells?
The median gross rent in Wells is $1,313 per month, about 45% of household income.
Is Wells, VT a good place to live?
Pluses: home values 23% lower than the state median. Minuses: median household income 7% lower than the Vermont median; an average commute of 48 minutes; unemployment of 6.4%; a poverty rate of 15.5%.
What is the median age in Wells?
The median age in Wells is 50.7 years (Vermont: 43.1).
How long is the commute in Wells?
The average commute to work in Wells is 48 minutes; 11.3% of workers work from home.
What is the unemployment rate in Wells?
The unemployment rate in Wells is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wells?
29.7% 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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