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The total population of Wellman is estimated to be 1,474 with 668 males (45.32%) and 806 females (54.68%). There are 138 more females than males in Wellman.
The median household income in Wellman was $55,520 in 2021, which marked an an increase of 1,431(2.65%) from $54,089 in 2020. This income is 74.42% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Wellman sees its highest median household income among householders in the age group of 45 to 64 years old, at $107,551. Overall, the median household income for the city of Wellman stands at $55,520.
In Wellman, the median income for all workers aged 15 years and older, regardless of work hours, was $46,093 for males and $29,751 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,704 for males and $44,858 for females.
In Wellman, population is primarily represented by White households, reporting a median income of $54,905.
In 2022, the population of Wellman was 1,523, a 0.07% decrease year-by-year from 2021. Previously, in 2021, Wellman's population was 1,524, a decline of 0.13% compared to a population of 1,526 in 2020.
The median age in Wellman, IA is 43.8, as per 2021 ACS 5-Year Estimates. Of the total population, 20.62% were under the age of 15, 13.98% aged 15 to 29, 37.72% aged 30 to 64, 21.78% aged 65 to 84, and 5.90% were 85 years of age and older.
Racial distribution of Wellman population: 95.32% are White, 1.29% are American Indian and Alaska Native, 0.20% are Native Hawaiian and other Pacific Islander, 0.88% are some other race and 2.31% are multiracial.