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The total population of Wells is estimated to be 2,278 with 1,199 males (52.63%) and 1,079 females (47.37%). There are 120 less females than males in Wells.
The median household income in Wells was $51,217 in 2021, which marked an a decrease of 1,517(2.88%) from $52,734 in 2020. This income is 68.65% 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, Wells sees its highest median household income among householders in the age group of under 25 years old, at $89,963. Overall, the median household income for the city of Wells stands at $51,217.
In Wells, the median income for all workers aged 15 years and older, regardless of work hours, was $38,631 for males and $22,413 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,327 for males and $39,304 for females.
In Wells, there are just two different racial groups among households. Among these, White households report a median household income of $53,739, while Two or More Races households have a median household income of $41,125.
In 2022, the population of Wells was 2,410, a 0.17% increase year-by-year from 2021. Previously, in 2021, Wells's population was 2,406, a decline of 0.00% compared to a population of 2,406 in 2020.
The median age in Wells, MN is 47.0, as per 2021 ACS 5-Year Estimates. Of the total population, 18.57% were under the age of 15, 15.55% aged 15 to 29, 39.55% aged 30 to 64, 22.60% aged 65 to 84, and 3.72% were 85 years of age and older.
Racial distribution of Wells population: 89.93% are White, 1.36% are Black or African American, 0.79% are American Indian and Alaska Native, 1.49% are Asian, 0.31% are some other race and 6.13% are multiracial.