Wells, MN Profile: Facts, Map & Data

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Wells, Minnesota - Basic Facts

The City of Wells had a population of 2,313 as of July 1, 2017. Wells ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Wells is located at latitude 43.743 and longitude -93.7277 in Faribault County. The formal boundaries for the City of Wells (see map below) encompass a land area of 1.98 sq. miles and a water area of 0 sq. miles. Faribault County is in the Central time zone (GMT -6). The elevation is 1,158 feet.

The City of Wells (GNIS ID: 2397249) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Wells population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Wells: City of Wells.


Neighborhood Data

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City of Wells, MN Boundary Map



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Boundary Maps: Faribault County | Minnesota Counties

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Wells, MN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 2,313
Daytime Population: Workers 2,413
Daytime Population: Residents 1,216
Total Daytime Population (TDP) 3,629
Ratio TDP/Total Population1 1.57
Population in Households 2,264
Population in Familes 1,810
Population in Group Qrtrs 49
Population Density2 1,166
Diversity Index3 23
 

INCOME

Median Household Income $41,708
Average Household Income $58,891
Per Capita Income $25,306

HOUSING

Total Housing Units 1,120 (100%)
Owner Occupied HU 766 (68.4%)
Renter Occupied HU 236 (21.1%)
Vacant Housing Units 117 (10.4%)
Median Home Value $86,240
Average Home Value $106,780
 

HOUSEHOLDS

Total Households 1,003
Average Household Size 2.26
Family Households 641
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.18% -0.27%
Households -0.14% -0.24%
Families 0.13% -0.31%
Median Household Income   3.52%
Per Capita Income   3.43%

Wells, MN - Peer Comparisons by Rank and Percentile

The table below compares Wells to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 244 73rd
Population Density # 213 77th
Diversity Index # 236 74th
Median Household Income # 788 13th
Per Capita Income # 703 22nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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