Wells, Michigan is a small town located just outside of Lansing with a population of 49894. The rent for a two bedroom apartment in Wells is an affordable $830 compared to the US average of $1,430. Additionally, grocery costs are much lower than the national average at an index of 93 versus 100. This makes Wells an attractive option for those looking for an affordable and comfortable place to live.
Wells provides residents with plenty of amenities such as shopping locations like Target and Meijer Supercenter as well as many restaurants including local favorites like Grumpy's Smokehouse BBQ and LuLu's Diner. Wells also offers multiple recreational activities such as parks, golf courses, and trails for hiking or biking, as well as historic sites tailored to visitors interested in learning more about the area’s history. All in all, Wells is a wonderful community that provides its residents with plenty of opportunities for entertainment and relaxation.
Wells (zip 49894) has an unemployment rate of 6.4%. The US average is 6.0%.
Wells (zip 49894) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Wells (zip 49894)
- The Sales Tax Rate for Wells (zip 49894) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wells (zip 49894) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wells (zip 49894)
- The average income of a Wells (zip 49894) resident is $34,393 a year. The US average is $37,638 a year.
- The Median household income of a Wells (zip 49894) resident is $49,313 a year. The US average is $69,021 a year.