Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.0 yrs |
|---|---|
| Avg HH Size | 2.19 |
| Below Poverty | 9.9% ≈ Avg |
| College Grads | 36.0% ≈ Avg |
| Unemployment | 3.6% ▼ 26% below avg |
| No HS Diploma | 5 (0.2%) |
| HS Graduate | 800 (33.9%) |
| Some College | 312 (13.2%) |
| Associates | 393 (16.7%) |
| Bachelors | 350 (14.8%) |
| Graduate Degree | 500 (21.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $63,646 ▼ 17% below avg |
|---|---|
| Median Home Value | $118,000 ▼ 58% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $761/mo |
| Total Housing Units | 1,801 |
| Vacant Units | 178 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Wells is a city in Minnesota, located in Faribault County. The city spans 1 ZIP code and is home to approximately 3,593 residents. It is a mature city, with a median age of 46 years.
Economically, Wells is a solidly middle-class community. The median household income of $63,646 is below the national average. Approximately 9.9% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Wells is one of the more affordable housing markets in the country. Median home values stand at $118,000, which is well below the national average. Renters typically pay around $761 per month. Homeownership is high at 79.8%, typical of suburban and family-oriented communities.
The population of Wells is moderately educated. 36.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.43%).
Wells, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56097 | 3,593 | $63,646 | $118,000 | $761 | 3.6% | 36.0% | 79.8% |