Wells is a city located in Faribault County, Freeborn County, and Waseca County Minnesota. Wells has a 2024 population of 2,414. Wells is currently growing at a rate of 0.08% annually and its population has increased by 0.33% since the most recent census, which recorded a population of 2,406 in 2020.
The average household income in Wells is $63,851 with a poverty rate of 12.88%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Wells is 46 years, 39.7 years for males, and 51.6 years for females.
According to the most recent ACS, the racial composition of Wells was:
White
Two or more races
Asian
Black or African American
Native American
Other race
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 1,031 | 2.16 | 79.6 | 20.4 |
| Married | 476 | 2.61 | 91 | 9 |
| Non Family | 420 | 1.31 | 66 | 34 |
| Female | 68 | 3.5 | 95.6 | 4.4 |
| Male | 67 | 2.97 | 68.7 | 31.3 |
2.69
Average Family Size
2.16
Average Household Size
79.6%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among black people with a rate of 100%.
The highest rate of bachelors degrees is among black people with a rate of 60.87%.
All
Male
Female
$41,111
Average Earnings
$54,844
Average Male
$24,167
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
96.44% of Wells residents speak only English, while 3.56% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 2.49% of the population.
rate
12.88%
Overall Poverty Rate
7.29%
Male Poverty Rate
19.16%
Female Poverty Rate
The race most likely to be in poverty in Wells is Black, with 39.13% below the poverty level.
The race least likely to be in poverty in Wells is White, with 11.51% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 5.26%. Among those working part-time, it was 17.45%, and for those that did not work, the poverty rate was 22.37%.
Married
Widowed
Divorced
Separated
NeverMarried
51.3%
Overall Marriage Rate
54.7%
Male Marriage Rate
47.9%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 45-54, while the female age group most likely to be married is 35-44.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
4.33%
Veteran Poverty Rate
37.23%
Veteran Disability Rate
LaborForceParticipation
60.1%
Labor Force Participation
57.9%
Employment Rate
3.5%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
77.04%
Born in Wells
98.07%
Native Born
1.93%
Foreign Born
1.27%
Non Citizen
0.66%
Naturalized
98.07% of Wells residents were born in the United States, with 77.04% having been born in Minnesota. 1.27% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 2,424 | 2 | 0.08% |
| 2028 | 2,422 | 2 | 0.08% |
| 2027 | 2,420 | 2 | 0.08% |
| 2026 | 2,418 | 2 | 0.08% |
| 2025 | 2,416 | 2 | 0.08% |
| 2024 | 2,414 | 2 | 0.08% |
| 2023 | 2,412 | 2 | 0.08% |
| 2022 | 2,410 | 4 | 0.17% |
| 2021 | 2,406 | 0 | 0% |
| 2020 | 2,406 | 236 | 10.88% |
| 2019 | 2,170 | -13 | -0.6% |
| 2018 | 2,183 | -6 | -0.27% |
| 2017 | 2,189 | -18 | -0.82% |
| 2016 | 2,207 | -22 | -0.99% |
| 2015 | 2,229 | -22 | -0.98% |
| 2014 | 2,251 | -3 | -0.13% |
| 2013 | 2,254 | -17 | -0.75% |
| 2012 | 2,271 | -52 | -2.24% |
| 2011 | 2,323 | -4 | -0.17% |
| 2010 | 2,327 | 0 | 0% |