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ZipNumbers

Minnesota · Census place 69106

Wells city, MN

Quick answer

Wells city has 2,317 residents, ranking #243 of 914 places in Minnesota. Median household income is $58,663, the median home is worth $93,200 and median gross rent runs $699 a month.

Population
2,317Wells city residents
Median household income
$58,663Past 12 months, inflation adjusted
Median home value
$93,200Owner-occupied units
Median gross rent
$699Rent plus utilities, monthly
Median age
41.8 yrsAll residents
Homeownership rate
76%Owner-occupied households

What the numbers mean in Wells city

Housing cost measured against local earnings.

A household earning the Wells city median would spend about 14.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.1% of residents and 76% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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