All Countries
Wells, MN
Full City Profile · Minnesota · Faribault County County
3.2
/5.0
B
Good
2,317
Population
1,109/sq mi density
$58,663
Median Income
$31,393 per capita
$93,200
Home Value
$136,098 Zillow
$699
Median Rent
28.2% income on rent
46°F
Avg Temperature
260 sunny days/yr
92
Violent Crime/100K
277 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$58,663 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$93,200 home value, $699/mo rent
F
Safety
1.0 / 5.0
92 violent crimes/100K
C+
Education
2.6 / 5.0
19.8% bachelor's degree or higher
Change Over Time (2013–2023)
Population Change
+6.9%
2,254 → 2,410
over 10 years
Annual Pop. Growth
+0.67%
Compound annual growth rate
Median Income Change
+42.1%
$41,288 → $58,663
nominal, not inflation-adjusted
Annual Income Growth
+3.57%
Compound annual growth rate
Population Over Time
Total population for Wells across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
2,525
+115 from 2023 (2,410)
Projected Median Income 2030
$74,990
+$16,327 from 2023 ($58,663)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 2,254 | — | $41,288 | — |
| 2015 | 2,229 | -1.1% | $39,679 | -3.9% |
| 2017 | 2,189 | -1.8% | $42,177 | +6.3% |
| 2019 | 2,170 | -0.9% | $46,205 | +9.6% |
| 2021 | 2,418 | +11.4% | $47,383 | +2.5% |
| 2023 | 2,410 | -0.3% | $58,663 | +23.8% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.