Wells city, Minnesota Demographics & Population 2026
As of 2026, Wells city, Minnesota has a total population of 2,317, the 243rd largest city in Minnesota, with a median household income of $58,663, which is 33% lower than the state average. The poverty rate is 11.1%.
Key Takeaways
- Household income is 33% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
Wells city Quick Facts
How Wells city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Wells city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Faribault County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Blue Earth city | 3,170 | $59,118 | 13.2% | $125,200 |
| Winnebago city | 1,247 | $58,438 | 12.4% | $106,500 |
| Minnesota Lake city | 621 | $62,875 | 12.1% | $126,600 |
| Kiester city | 544 | $49,167 | 26.5% | $52,600 |
| Elmore city | 442 | $40,938 | 27.4% | $45,800 |
| Bricelyn city | 385 | $52,500 | 10.5% | $49,500 |
| Frost city | 300 | $75,000 | 13.0% | $71,800 |
| Delavan city | 174 | $69,583 | 14.5% | $71,500 |
| Easton city | 171 | $75,417 | 0.0% | $91,500 |
| Walters city | 82 | $35,781 | 29.3% | $52,500 |
Cities Similar to Wells city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Springfield city | 2,209 | $59,412 | $117,600 | 26.0% | 9.4% |
| Spring Valley city | 2,357 | $64,500 | $149,100 | 15.2% | 12.0% |
| Olivia city | 2,243 | $62,683 | $156,600 | 21.9% | 13.2% |
| Arlington city | 2,298 | $66,458 | $181,600 | 18.2% | 14.9% |
| Staples city | 2,359 | $51,506 | $119,300 | 22.3% | 17.8% |
Population Overview
Wells city is a small community located in Minnesota, within Faribault County. The total population is 2,317. It ranks as the 243rd most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Wells city is 41.8 years. This is 8% higher than the state median of 38.6 years. 11.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Wells city is $58,663. This is 33% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 25% lower. The poverty rate stands at 11.1%. This is 20% higher than the state poverty rate of 9.2%. The unemployment rate is 3.9%. This is 1% lower than the state rate of 3.9%. The median home value is $93,200. Housing costs are 69% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.6x, Wells city is one of the most affordable housing markets in the area. 76.0% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 72.4%.
Race & Ethnicity
Wells city has a predominantly White (non-Hispanic) population, comprising 89.3% of all residents. Hispanic or Latino residents account for 5.7%. The Black or African American population (1.1%) is well below the state average of 6.7%. The Asian population (0.8%) is well below the state average of 5.0%.
Education
19.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 49% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.7%.
Data Sources & Methodology
All demographic data for Wells city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Wells city, Minnesota?
Wells city, Minnesota has a population of 2,317 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wells city, MN?
The median household income in Wells city is $58,663, which is 25% lower the national median of $78,538.
What is the poverty rate in Wells city, MN?
The poverty rate in Wells city is 11.1%. This means approximately 251 residents live below the federal poverty line.
What is the racial makeup of Wells city, Minnesota?
Wells city's population is 89.3% White, 1.1% Black, 5.7% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Wells city, MN?
The median home value in Wells city is $93,200. The home-value-to-income ratio is 1.6x.
How educated is Wells city, Minnesota?
19.8% of adults (25+) in Wells city hold a bachelor's degree or higher, and 5.7% hold a graduate or professional degree.