Wells, NV Economy


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Wells, NV is a small desert town located in northern Nevada. It has a population of less than 1,000 people. Despite its small size, Wells provides locals with a variety of services and amenities for their everyday needs. For instance, the two-bedroom rent in Wells averages at $1,290 per month which is slightly cheaper than the national average of $1,430 for the same type of property. Additionally, grocery costs in Wells index at 92 versus 100 in the US. In terms of businesses and services available to locals there are several notable companies including Big Horn Saloon which serves classic American food dishes and cocktails, The Wild Horse Corral offering horseback riding excursions into the nearby hillsides and Last Chance Outfitters which specializes in outdoor apparel and gear.

Wells has an unemployment rate of 3.3%. The US average is 6.0%.

Wells has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.

Tax Rates for Wells
- The Sales Tax Rate for Wells is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Wells is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wells
- The average income of a Wells resident is $23,460 a year. The US average is $28,555 a year.
- The Median household income of a Wells resident is $38,073 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWells, NevadaUnited States
  3.36
  -6.0%-6.2%
  31.6%33.5%
  7.1%6.2%
  0.0%4.6%
  $21,127$37,638
  $38,073$69,021
  $65,682$85,028
  Population by Occupation
  2.1%1.2%
  5.7%0.5%
  4.6%6.8%
  0.2%10.0%
  0.0%2.5%
  29.3%11.0%
  9.1%4.8%
  1.9%0.8%
  3.6%1.9%
  0.0%4.7%
  0.0%1.9%
  2.1%7.6%
  0.0%0.1%
  32.6%4.2%
  2.3%9.3%
  0.0%14.0%
  0.6%2.1%
  1.5%7.0%
  0.4%4.8%
  4.0%4.7%
Reviews for Wells
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I lived in Wells since 1/21, shortly after I arrived I approached the city counsel and posed a question as to why Main Street was such a ghetto. I learned that the city  More

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