Wells, ND is a small town located in the northeast corner of the state. It offers affordable housing with 2 bedroom rents averaging $820 compared to the national average of $1,430. This makes Wells a great place for families and individuals who are looking to save money on housing costs. Furthermore, groceries are also inexpensive in Wells with an index of 94 compared to 100 in the US.
Wells is home to many local companies including Jason's Tire & Automotive Repair which provides quality services for all your vehicle maintenance needs. Other locally owned businesses include Olson's Grocery Store and The Deluxe Tavern & Restaurant which is known for its delicious burgers and house-brewed beer.
Wells has an unemployment rate of 5.5%. The US average is 6.0%.
Wells has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for Wells
- The Sales Tax Rate for Wells is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wells is 2.0%. 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 $47,030 a year. The US average is $28,555 a year.
- The Median household income of a Wells resident is $102,778 a year. The US average is $69,021 a year.