Zip 12190 (Wells, NY) Economy


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United States / New York / No Metro Area / Hamilton County / No City / Wells (zip 12190)
12190 Wells, NY is located in Hamilton County, and is a great choice for those looking to save money on rent. The average two-bedroom rent here is $1,010, which is much less expensive than the US average 2 bedroom rent of $1,430. Furthermore, the grocery cost index in this area is 100 versus the same number in the US, which means purchasing groceries will be just as affordable.
The town of Wells also offers plenty of local businesses catering to different needs. There are stores such as Chorey’s Country Store for groceries and everyday items, antique shop Antiques on Route 12 for finding unique pieces, and B&B Grocery for fresh produce. For those who enjoy outdoor activities Adirondack Park Agency provides access to wilderness areas with their camping and picnic permit system. Finally there are also gas stations such as Sandy Hill Automotive LLC and Walt’s Auto Service for vehicle maintenance or fueling up during long road trips.
These local companies are important to the people living in Wells because they provide easy access to basic necessities like food and fuel at an affordable price. Additionally, they create employment opportunities within the community; helping to boost the local economy by generating revenue through businesses owned by local residents rather than chain stores or corporations from outside of Wells.

Wells (zip 12190) has an unemployment rate of 6.9%. The US average is 6.0%.

Wells (zip 12190) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 5.8%, which is lower than the US average of 33.5%.

Tax Rates for Wells (zip 12190)
- The Sales Tax Rate for Wells (zip 12190) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Wells (zip 12190) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wells (zip 12190)
- The average income of a Wells (zip 12190) resident is $16,947 a year. The US average is $37,638 a year.
- The Median household income of a Wells (zip 12190) resident is $44,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWells, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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