Cost of Living in Wells, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.9
100 = national avg
-17.1 vs national average
Living Wage (1 Adult)
$36,488
per year
Living Wage (Family of 4)
$86,244
per year
Cost Index by Category
Housing66.3
Food94.8
Transportation89.7
Healthcare95.9
Utilities90.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$790
per month
2 Bedroom
$973
per month
The overall cost of living index in Wells is 82.9, which is 17.1% below the national average. Housing costs are below the national average at an index of 66.3. A single adult needs to earn approximately $36,488 per year to cover basic expenses.