Housing costs in Wells?
A typical home costs
$281,900, which is 16.6% less expensive than the national average of
$338,100 and 18.2% less expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Wells costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 18.3% cheaper than the state average of
$1,290.
Can I afford Wells?
To live comfortably in Wells, Vermont, a minimum annual income of
$54,000 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Wells?
Wells, VT is known for its low cost of living. The median home price in Wells is around $241,000, making it one of the least expensive communities in Vermont. The median household income is also relatively low, at just over $59,000 annually. Goods and services are also quite affordable in Wells; groceries, transportation, healthcare, and utilities are all among the most inexpensive in the state. Property taxes are also relatively low compared to other states. All of these factors contribute to a very budget-friendly cost of living that appeals to numerous residents who want to enjoy life away from the hustle and bustle of city life.