Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

38 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $935

Average Rent as Percentage of Gross Income

Median rent for 2018: $544

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $4,429
--Home Prepared Food $2,496
--Restaurant/Takeaway Food $1,933
Alcoholic Beverages $325
Housing $11,225
--Rent/Mortgage/Upkeep/Taxes $6,564
--Utilities $2,263
--Operations $852
--Supplies $417
--Furnishings $1,134
Apparel $1,041
--Men & Boys $233
--Women & Girls $422
--Children < 2 $4
--Footwear $220
Transportation $5,452
--New Vehicles $1,019
--Used Vehicles $1,164
--Fuel $1,177
--Insurance $545
--Public Transit $457
Healthcare $2,777
Entertainment $1,801
--Pets $369
--Toys $88
Personal Care Products $431
Books & Literature $62
Education $786
Tobacco Products $193
Miscellaneous $554
Retirement $1,054
Non-health Insurance $4,077
Total Expenditures $34,208

Selected Population Data

Period Geography Population
2014 Wells city, Minnesota 2,451
2015 Wells city, Minnesota 2,358
2016 Wells city, Minnesota 2,388
2017 Wells city, Minnesota 2,377
2018 Wells city, Minnesota 2,321