Wells is a city located in Faribault County, Minnesota. Wells has a 2026 population of 2,398. Wells is currently declining at a rate of -0.04% annually and its population has decreased by -0.37% since the most recent census, which recorded a population of 2,407 in 2020.
The median household income in Wells is $60,156 with a poverty rate of 8.7%. The median age in Wells is 46.3 years: 42 years for males, and 49.7 years for females. For every 100 females there are 101.9 males.
Data after 2023 is projected based on recent change
Overall: 46.3 years
Female: 49.7 years
Male: 42 years
There are 1,869 adults, (650 of whom are seniors) in Wells.
Female: 1,137 (49.5%)
Male: 1,159 (50.5%)
The racial composition of Wells includes 88.02% White, and smaller percentages for Black or African American, Asian, other race, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 2,021 | 88.02% |
| Two or more races | 182 | 7.93% |
| Black or African American | 31 | 1.35% |
| Asian | 29 | 1.26% |
| Other race | 29 | 1.26% |
| Native American | 4 | 0.17% |
Wells ' average per capita income is $41,474. Household income levels show a median of $60,156. The poverty rate stands at 8.7%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $74,545 | - |
| Families | $63,285 | $74,805 |
| Households | $60,156 | $67,611 |
| Non Families | $41,163 | $51,711 |
Average Income
Median Household Income
Poverty Rate