Wells, MI 49894 has a population of approximately 612 and experiences a population change rate of -17.07%. The population density is 732.1 / sq mi .
Wells, MI 49894 has a population of approximately 612 and experiences a population change rate of -17.07%. The population density is 732.1 / sq mi .
The median household income for Wells, MI 49894 is $49,313, with 312 households and an average household size of 2.61.
The median value of a home in Wells, MI 49894 is $136,500 with an appreciation rate of 23.10%. 100.00% of housing in the state is owned while 0.00% is rented.
The cost of living in Wells, MI 49894 is 85.8 %.
The unemployment rate in Wells, MI 49894 is 4.80%, and recent job growth is at 1.67%. Future job growth is projected at 29.98%.
The sales tax rate in Wells, MI 49894 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Wells, MI 49894 are $11,255, and the school ratio is 17.5:1.
The average high temperature in July is 77 degrees, with an average low temperature in January of 8.6 degrees. The average rainfall is approximately 29.5 inches per year, with 52.1 inches of snow per year.