Wells, VT
Population 423 · Vermont
About Wells, VT
Wells is a small community located in Vermont with a population of 423 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,750 per year, which is 2% below the national median of $75,149. The median age of 34.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wells features a median home value of $198,400, which is 19% below the national median of $244,900. This positions Wells in a moderately priced market relative to the rest of the country. Median monthly rent is $1,208, 4% above the national average of $1,163/month. Of the 284 total housing units, 82% are owner-occupied (134 units) and 18% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wells shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.7%, above the national average of 12.4%. Workers in Wells have an average one-way commute time of 60 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
19.6% of Wells residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Wells, VT
Compared to national averages, Wells has a median household income of $73,750 (2% below the national median of $75,149). Home values average $198,400, which is 19% below the national median. Monthly rent at $1,208 is 4% above the US average of $1,163. Within Vermont, Wells's income is 1% above the state average of $72,974, and home values are 22% below the state median of $255,863.
Why Live in Wells, VT?
Wells offers affordable housing with a median home value of $198,400, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($73,750) 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 423 with a median age of 34.1 years. Compare Wells with other cities to see how it stacks up, or explore all cities in Vermont.
Similar Cities Near Wells
Cities in Vermont with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Websterville | 427 | $74,135 | $159,600 | Compare |
| Chelsea | 416 | $45,333 | $139,200 | Compare |
| Lunenburg | 430 | $43,523 | $143,100 | Compare |
| Marshfield | 431 | $81,875 | $169,300 | Compare |
| North Springfield | 432 | $67,290 | $163,000 | Compare |
| Ascutney | 413 | $50,161 | $200,900 | Compare |
| Hyde Park | 434 | $86,467 | $288,900 | Compare |
| South Royalton | 435 | $0 | $139,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Vermont
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Wells With Other Cities
Frequently Asked Questions about Wells
What is the population of Wells, VT?
The population of Wells, VT is 423 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Vermont.
What is the median household income in Wells?
The median household income in Wells, VT is $73,750 per year, which is 2% below the national median of $75,149.
What is the median home value in Wells?
The median home value in Wells, VT is $198,400, which is 19% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wells?
The median monthly rent in Wells, VT is $1,208, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Wells?
The unemployment rate in Wells, VT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wells, VT a good place to live?
Wells offers a moderate cost of living, affordable housing, and a strong job market. With a population of 423 and a median age of 34.1, the city appeals to young professionals and families.
How educated is Wells, VT?
19.6% of residents in Wells aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wells?
Key cost-of-living indicators for Wells, VT: median home value is $198,400 (19% below national), median rent is $1,208/month, and median household income is $73,750. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wells?
The poverty rate in Wells, VT is 14.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Wells, VT?
Wells's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.