How many renters in Wells, MN pay more than 30% of their income on rent?
46.6% (±22.8 points) of renting households in Wells, MN spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
18.2% spend 35% or more.
The median renting household spends 28.3% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 46.6% (±22.8 points)
- Paying 35% or more
- 18.2% (±13.6 points)
- Median share of income
- 28.3% (±7.3 points)
Rent as a share of income in Wells
| Share of income spent on rent | Wells | Faribault County | Minnesota | United States |
|---|---|---|---|---|
| Less than 15% | 21.3% (±15.1 points) | 16.8% | 12.9% | 12.6% |
| 15% to 19.9% | 13.8% (±9.3 points) | 14.2% | 12.9% | 12.2% |
| 20% to 24.9% | 8.4% (±8.0 points) | 14.0% | 13.9% | 12.6% |
| 25% to 29.9% | 9.8% (±11.3 points) | 12.5% | 12.1% | 11.5% |
| 30% to 34.9% | 28.4% (±18.3 points) | 18.6% | 9.7% | 9.2% |
| 35% or more | 18.2% (±13.6 points) | 23.9% | 38.4% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Wells against Faribault County, its state and the nation
| Wells | Faribault County | Minnesota | United States | |
|---|---|---|---|---|
| Paying 30% or more | 46.6% (±22.8 points) | 42.5% (±8.8 points) | 48.1% (±0.6 points) | 51.1% |
| Paying 35% or more | 18.2% (±13.6 points) | 23.9% (±5.9 points) | 38.4% (±0.5 points) | 41.9% |
| Median share of income | 28.3% (±7.3 points) | 27.0% (±2.7 points) | 29.2% (±0.3 points) | 30.6% |
| Median renter household income | $34,917 (±$21,802) | $41,795 (±$7,048) | $51,080 (±$531) | $52,966 |
| Median gross rent | $694 (±$51) | $799 (±$93) | $1,280 (±$7) | $1,413 |
In Wells, the share of renters paying 30% or more of income is not measurably different from Faribault County (42.5%).
It is not measurably different from Minnesota (48.1%).
It is not measurably different from the national figure (51.1%).
In Faribault County, Wells ranks 7 of 26 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 784 of 2,184.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Wells
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Wells | — | 46.6% (±22.8 points) | — |
| Clark Township (Faribault County) | 2.4 mi | 0.0% (±141.4 points) | Not measurably different |
| Walnut Lake Township | 4.5 mi | 41.2% (±73.9 points) | Not measurably different |
| Dunbar Township | 4.6 mi | 66.7% (±111.4 points) | Not measurably different |
| Minnesota Lake Township | 6.5 mi | 44.4% (±89.4 points) | Not measurably different |
| Carlston Township | 7.0 mi | 0.0% (±84.6 points) | Not measurably different |
| Foster Township (Faribault County) | 7.3 mi | 0.0% (±141.4 points) | Not measurably different |
| Freeborn Township | 8.0 mi | 0.0% (±96.7 points) | Not measurably different |
| Minnesota Lake | 8.3 mi | 37.5% (±19.0 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Faribault County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Delavan | 100.0% (±131.9 points) |
| 2 | Prescott Township | 87.5% (±93.1 points) |
| 3 | Jo Daviess Township | 70.0% (±90.2 points) |
| 4 | Dunbar Township | 66.7% (±111.4 points) |
| 5 | Frost | 64.2% (±56.2 points) |
| 6 | Verona Township | 50.0% (±108.5 points) |
| 7 | Wells | 46.6% (±22.8 points) |
| 8 | Winnebago | 46.0% (±21.4 points) |
| 9 | Blue Earth | 44.7% (±17.4 points) |
| 10 (tie) | Easton | 44.4% (±89.7 points) |
| 10 (tie) | Minnesota Lake Township | 44.4% (±89.4 points) |
| 12 | Walnut Lake Township | 41.2% (±73.9 points) |
| 13 | Delavan Township | 40.0% (±115.0 points) |
Showing 13 of 26 places in Faribault County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Wells
Are renters in Wells rent-burdened?
46.6% of renting households in Wells pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Wells spend on rent?
The median renting household in Wells, MN spends 28.3% (±7.3 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wells city, Minnesota
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Wells city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Wells city, Minnesota
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Wells city, Minnesota (place:69106, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Renters and owners in Wells
- Income and affordability in Wells
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- Types of homes in Wells
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- Population growth in Wells
- How long people stay in Wells
- Minnesota landlord and tenant rules
- Housing across Faribault County
- Minnesota places ranked by rent burden
- Housing data for every place in Minnesota