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Wells, MN
Full City Profile · Minnesota · Faribault County County
Wells, MN
At a Glance
How Wells Compares to the U.S. Average
Each bar shows Wells's value as a percentage of the national average (100% = U.S. avg)
Is Wells a Good Place to Live?
Economy & Jobs
Wells residents earn a median household income of $58,663 , which is 22% below the national average of $75,149. Per capita income is $31,393. The unemployment rate stands at 2.4% (33% below the U.S. rate of 3.6%). 3.8% of residents live below the poverty line. The area is home to 492 business establishments, including 34 restaurants.
Housing & Cost of Living
The median home value in Wells is $93,200 , 67% below the national median of $281,900. Zillow estimates the typical home at $136,098. Median rent is $699/month, with 28.2% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1954.
Safety & Crime
Wells reports 92 violent crimes per 100,000 residents , which is 76% below the national average of 380/100K. Property crime is 277/100K. The murder rate is 0.0/100K.
Education
19.8% of adults in Wells hold a bachelor's degree or higher (41% below the national average). 89.7% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Wells has an average annual temperature of 46°F (8°C). Winters average 14°F in January while summers reach 72°F in July. The area gets 260 sunny days per year. Annual precipitation totals 34.5 inches. Air quality is rated Good with a median AQI of 36.