Wells, Minnesota Unemployment

Wells, Minnesota has a population of 2,280, with a median household income of $51,200.

Current unemployment data for Wells.

3.80%

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Population

2,280

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Median Income

$51,200

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Unemployment

3.80%

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Housing Price

$125,000

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Crime Rate

14.20

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Internet Speed

500.00 Mbps

Wells is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Wells is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Wells has a population of 2,280, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Wells is $51,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Wells is about $125,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Wells is 3.80%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Wells are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Wells shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Minnesota, Wells contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Wells

What is the population of Wells?

The population of Wells is approximately 2,280.

Is Wells a good place to live?

Wells offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Wells?

The median household income in Wells is around $51,200.

How expensive is housing in Wells?

The average housing price in Wells is approximately $125,000.