Cost of Living in Wells, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.3
100 = national avg
+9.3 vs national average
Living Wage (1 Adult)
$48,096
per year
Living Wage (Family of 4)
$113,680
per year
Cost Index by Category
Housing101.9
Food109.7
Transportation119.3
Healthcare107.7
Utilities106.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,089
per month
2 Bedroom
$1,429
per month
The overall cost of living index in Wells is 109.3, which is 9.3% above the national average. Housing costs are above the national average at an index of 101.9. A single adult needs to earn approximately $48,096 per year to cover basic expenses.