Wells, WI Economy


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United States / Wisconsin / No Metro Area / Monroe County / Wells / Zip Codes
Wells, WI is an affordable city located in the Midwest. It offers a variety of amenities for a low cost of living. Two bedroom rent in Wells, WI is $1,040 compared to the US average of $1,430. The Grocery Cost Index is 93, which is 7 points lower than the US average of 100. This city also has many local companies that offer quality services such as Dotty’s Hardware Store and F&K Bakery. Local businesses employ many people and provide an abundance of resources for the community and visitors alike. With its great amenities and low cost of living, Wells, WI is a great place to live or visit.

Wells has an unemployment rate of 4.2%. The US average is 6.0%.

Wells has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.

Tax Rates for Wells
- The Sales Tax Rate for Wells is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wells is 6.3%. 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 $31,769 a year. The US average is $28,555 a year.
- The Median household income of a Wells resident is $83,056 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWells, WisconsinUnited States
  4.26
  -2.3%-6.2%
  38.6%33.5%
  5.5%6.2%
  6.3%4.6%
  $40,227$37,638
  $83,056$69,021
  $92,083$85,028
  Population by Occupation
  9.7%1.2%
  2.6%0.5%
  11.7%6.8%
  14.3%10.0%
  6.6%2.5%
  4.6%11.0%
  5.1%4.8%
  0.0%0.8%
  0.0%1.9%
  4.6%4.7%
  0.0%1.9%
  2.0%7.6%
  0.0%0.1%
  3.6%4.2%
  8.7%9.3%
  13.3%14.0%
  0.0%2.1%
  4.6%7.0%
  4.1%4.8%
  4.6%4.7%
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