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Wells, Nevada Demographics & Population 2026

Very AffordableHome value to income ratio of 1.9x is exceptionally low

During the 2020–2024 ACS period, Wells, Nevada had a total population of 1,352, the 55th largest city in Nevada, with a median household income of $107,454, which is 37% higher than the state average. The poverty rate is 21.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Wells Quick Facts

Population 1,352
Median Household Income $107,454
Median Home Value $205,300
Poverty Rate 21.3%
Unemployment Rate 5.5%
Median Age 36.7 years
Homeownership Rate 65.9%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 9.9%
High School Graduation Rate 70.1%
Diversity Index 65/100
Population 1,352 55th of 123
Median Income $107,454 top 20%
Poverty Rate 21.3% 71% higher than national
Median Home Value $205,300 bottom 30%

How Wells Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,1841,352+14.2%
Median household income$75,962$107,454+41.5%
Median home value$213,500$205,300-3.8%

How Wells Compares

Economy & Housing

Household Income Distribution

Under $25K 18.4%
$25K-$50K 11.0%
$50K-$100K 9.7%
$100K+ 60.9%
Detailed income brackets
Under $10K
14.7%
$10K-$15K
0.8%
$15K-$20K
0.5%
$20K-$25K
2.4%
$25K-$30K
0.3%
$30K-$35K
3.4%
$35K-$40K
0.3%
$40K-$45K
6.6%
$45K-$50K
0.5%
$50K-$60K
0.8%
$60K-$75K
0.3%
$75K-$100K
8.7%
$100K-$125K
36.5%
$125K-$150K
11.3%
$150K-$200K
13.1%
$200K+
0.0%

Employment

5.5% Unemployment Rate State: 7.0%|National: 5.2%
75.6% Labor Force Participation

Housing Overview

Owner 65.9%
Renter 34.1%
Affordability Index Very Affordable
1.9x home value to income ratio
Median gross rent $976/mo 10.9% of median household income annually

People & Demographics

Diversity Index

65out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 69 | National average: 61

Education

Wells Rankings in Nevada

#55 Population of 123
#17 Median Income of 102
#102 Education of 123
#72 Home Value of 98

Other Cities in Elko County

CityPopulationMedian IncomePovertyHome Value
Elko 20,696 $79,036 13.8% $309,100
Spring Creek 14,739 $105,154 7.3% $360,600
West Wendover 4,514 $49,013 7.4% $139,700
Carlin 2,088 $60,898 6.5% $179,700
Jackpot 1,415 N/A 3.0% $157,900
Osino 1,341 $92,756 1.0% $106,300
Owyhee 647 $54,000 31.5% $119,300
Montello 80 N/A 32.5% N/A
Mountain City 16 N/A 0.0% N/A

Cities Similar to Wells

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Jackpot1,415N/A$157,90016.2%3.0%
Osino1,341$92,756$106,3003.1%1.0%
Genoa1,284$121,981$1,003,20050.2%7.4%
East Valley1,283$125,417$874,30038.2%4.9%
Caliente1,146N/A$189,80021.9%4.6%

Population Overview

Wells is a small community located in Nevada, within Elko County. The total population is 1,352. It ranks as the 55th most populous out of 123 Census-designated places in Nevada.

Age Demographics

The median age in Wells is 36.7 years. This is 6% lower than the state median of 39.1 years. With 28.0% of the population under 18, Wells has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Wells is $107,454. This is 37% higher than the state median of $78,260. It is also 33% higher than the national median of $80,734. The poverty rate stands at 21.3%. This is 71% higher than the state poverty rate of 12.4%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.5%. This is 22% lower than the state rate of 7.0%. The median home value is $205,300. Housing costs are 53% lower than the state median of $435,400. With a home-value-to-income ratio of just 1.9x, Wells is one of the most affordable housing markets in the area. 65.9% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 60.0%.

Race & Ethnicity

The largest racial or ethnic group in Wells is White (non-Hispanic), making up 47.9% of the population. Hispanic or Latino residents account for 32.5%. The Black or African American population (3.4%) is well below the state average of 9.0%.

Education

9.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 64% lower than the state rate of 27.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 70.1%.

Data Sources & Methodology

All demographic data for Wells, Nevada is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Nevada state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 123 Census-designated places in Nevada. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Wells, Nevada?

Wells, Nevada has a population of 1,352 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Wells, NV?

The median household income in Wells is $107,454, which is 33% higher than the national median of $80,734.

What is the poverty rate in Wells, NV?

The poverty rate in Wells is 21.3%. This means approximately 288 residents live below the federal poverty line.

What is the racial makeup of Wells, Nevada?

Wells's population is 47.9% White, 3.4% Black, 32.5% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Wells, NV?

The median home value in Wells is $205,300. The home-value-to-income ratio is 1.9x.

How educated is Wells, Nevada?

9.9% of adults (25+) in Wells hold a bachelor's degree or higher, and 1.7% hold a graduate or professional degree.