Wells, VT Profile: Facts & Data

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Wells, Vermont - Basic Facts

The Wells Census Designated Place had a population of 399 as of July 1, 2019. Wells ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Vermont. See peer rankings below.

The primary coordinate point for Wells is located at latitude 43.4173 and longitude -73.2043 in Rutland County. The formal boundaries for the Wells Census Designated Place encompass a land area of 0.79 sq. miles and a water area of 0.01 sq. miles. Rutland County is in the Eastern time zone (GMT -5). The elevation is 502 feet.

The Wells Census Designated Place (GNIS ID: 2586659) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Wells Census Designated Place is located within Town of Wells, a minor civil division (MCD) of Rutland County.


Jump to... (On This Page!)
  1. Wells 2019 Demographic Data
  2. Growth Rates for Wells (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Vermont Research Tools (Easy Tools & Current Data)
  3. Vermont Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Wells, VT Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Wells, VT Housing Affordability Index is 150
State of Vermont Housing Affordability Index is 103
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Wells, VT Wealth Index is 109
State of Vermont Wealth Index is 92
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Vermont COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 399 (100%)
Population in Households 399 (100.0%)
Population in Families 294 (73.7%)
Population in Group Quarters1 0
Population Density 503
Diversity Index2 8
 

INCOME

Median Household Income $52,679
Average Household Income $75,594
Per Capita Income $33,869
Wealth Index4 109

HOUSING

Total Housing Units 290 (100%)
Owner Occupied HU 157 (54.1%)
Renter Occupied HU 27 ( 9.3%)
Vacant Housing Units 106 (36.6%)
Median Home Value $178,846
Housing Affordability Index3 150
 

HOUSEHOLDS

Total Households 184
Average Household Size 2.17
Family Households 112
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.05% -0.1%
Households 0.06% -0.11%
Families 0.29% -0.36%
Median Household Income   2.17%
Per Capita Income   2.94%

Wells, VT - Peer Comparisons by Rank and Percentile

The table below compares Wells to the other 121 incorporated cities, towns and CDPs in Vermont by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 82 33rd
Population Density # 64 48th
Diversity Index # 107 12th
Median Household Income # 60 51st
Per Capita Income # 24 81st

Additional comparisons and rankings can be made with a VERY EASY TO USE Vermont Census Data Comparison Tool.

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