Housing costs in Wells?
A typical home costs
$114,600, which is 66.1% less expensive than the national average of
$338,100 and 63.0% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Wells costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 45.9% cheaper than the state average of
$1,240.
Can I afford Wells?
To live comfortably in Wells, Minnesota, a minimum annual income of
$21,960 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Wells?
Wells, MN is known to be an affordable place to live. The cost of living in Wells is about 12% lower than the national average, making it a great option for those looking to save money on housing and other expenses. Property taxes are low and utilities are relatively inexpensive compared to other cities in the area. There are also a number of grocery stores, restaurants, and entertainment options located in the town that provide plenty of choices and value for residents. In addition, there are numerous job opportunities available due to its close proximity to larger towns and cities nearby. All these factors make Wells an ideal place for those looking for a pleasant cost of living experience.