Housing costs in Wells?
A typical home costs
$289,100, which is 14.5% less expensive than the national average of
$338,100 and 16.1% less expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Wells costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 17.3% cheaper than the state average of
$1,290.
Can I afford Wells?
To live comfortably in Wells (zip 05774), Vermont, a minimum annual income of
$55,440 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Wells?
The cost of living in Wells, VT 05774 is relatively high compared to the national average. Basic necessities such as groceries and utilities are more expensive and the median home price is well above the US average. Despite the higher cost of living, Wells has a lot of advantages that make it attractive for potential residents. Its location close to major cities such as Burlington and Montpelier makes it an ideal place for people looking for a rural lifestyle with easy access to city amenities. Overall, while it may not be the cheapest place in Vermont to live, there are still many benefits to calling Wells home.