Wellman, IA
Population 1,539 · Iowa
About Wellman, IA
Wellman is a small community in Iowa with a population of 1,539 residents. The median household income is $56,696 per year, which is near the national average. The median age in Wellman is 40.5 years.
Housing in Wellman has a median home value of $149,000 and median monthly rent of $765. Of the 682 total housing units, the majority are owner-occupied, with 453 owner-occupied and 186 renter-occupied units.
The unemployment rate in Wellman is 1.4% and the poverty rate is 6.6%. 21.5% of residents hold a bachelor's degree or higher. The average commute time is 24.1 minutes.
Cost of Living in Wellman, IA
Compared to national averages, Wellman has a median household income of $56,696 (25% below the national median of $75,149). Home values average $149,000, which is 39% below the national median. Monthly rent at $765 is 34% below the US average of $1,163. Within Iowa, Wellman's income is 17% below the state average of $67,947, and home values are 13% above the state median of $132,237.
Why Live in Wellman, IA?
Wellman offers affordable housing with a median home value of $149,000, below the US average of $244,900, and rent that’s lower than the national average at $765/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 6.6%, better than the national average, and short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($56,696) that falls below the national average. However, Wellman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wellman has a population of 1,539 with a median age of 40.5 years. Compare Wellman with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Wellman
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pocahontas | 1,536 | $56,298 | $96,600 | Compare |
| State Center | 1,548 | $72,303 | $156,300 | Compare |
| Holstein | 1,552 | $61,625 | $113,200 | Compare |
| Ackley | 1,554 | $61,667 | $99,200 | Compare |
| Panora | 1,520 | $65,500 | $164,500 | Compare |
| Brooklyn | 1,565 | $71,500 | $123,600 | Compare |
| Corydon | 1,566 | $48,988 | $88,800 | Compare |
| Sanborn | 1,510 | $56,477 | $150,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wellman
What is the population of Wellman, IA?
The population of Wellman, IA is 1,539 according to the latest Census data.
What is the median household income in Wellman?
The median household income in Wellman, IA is $56,696 per year.
What is the median home value in Wellman?
The median home value in Wellman, IA is $149,000.
What is the average rent in Wellman?
The median monthly rent in Wellman, IA is $765.
What is the unemployment rate in Wellman?
The unemployment rate in Wellman, IA is 1.4%.