Wells, MN
Population 2,317 · Minnesota
About Wells, MN
Wells is a small community in Minnesota with a population of 2,317 residents. The median household income is $58,663 per year, which is near the national average. The median age in Wells is 41.8 years.
Housing in Wells has a median home value of $93,200 and median monthly rent of $699. Of the 1,198 total housing units, the majority are owner-occupied, with 844 owner-occupied and 266 renter-occupied units.
The unemployment rate in Wells is 3.9% and the poverty rate is 11.1%. 19.8% of residents hold a bachelor's degree or higher. The average commute time is 18.8 minutes.
Cost of Living in Wells, MN
Compared to national averages, Wells has a median household income of $58,663 (22% below the national median of $75,149). Home values average $93,200, which is 62% below the national median. Monthly rent at $699 is 40% below the US average of $1,163. Within Minnesota, Wells's income is 21% below the state average of $74,221, and home values are 54% below the state median of $204,472.
Why Live in Wells, MN?
Wells offers affordable housing with a median home value of $93,200, below the US average of $244,900, and rent that’s lower than the national average at $699/month, and a low poverty rate of 11.1%, better than the national average. Additionally, the city features short commute times averaging just 18.8 minutes.
Potential considerations include median household income ($58,663) that falls below the national average. However, Wells’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wells has a population of 2,317 with a median age of 41.8 years. Compare Wells with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Wells
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arlington | 2,298 | $66,458 | $181,600 | Compare |
| Spring Valley | 2,357 | $64,500 | $149,100 | Compare |
| Excelsior | 2,359 | $108,611 | $839,500 | Compare |
| Staples | 2,359 | $51,506 | $119,300 | Compare |
| Madelia | 2,380 | $77,500 | $158,300 | Compare |
| Crosby | 2,253 | $43,250 | $175,600 | Compare |
| Lauderdale | 2,386 | $76,558 | $273,600 | Compare |
| Olivia | 2,243 | $62,683 | $156,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wells
What is the population of Wells, MN?
The population of Wells, MN is 2,317 according to the latest Census data.
What is the median household income in Wells?
The median household income in Wells, MN is $58,663 per year.
What is the median home value in Wells?
The median home value in Wells, MN is $93,200.
What is the average rent in Wells?
The median monthly rent in Wells, MN is $699.
What is the unemployment rate in Wells?
The unemployment rate in Wells, MN is 3.9%.