Wells County, Indiana
Income Data
At a Glance
How Wells County Compares
Detailed Income Statistics
Data Story
About Household Income in Wells County, Indiana
Wells County nearly matches national income
Wells County's median household income of $69,741 comes within $5,014 of the national median of $74,755, placing it solidly in the middle tier of American counties. This performance reflects a stable, working-class economy comparable to the national average. Wells County residents earn more than most Indiana counties, suggesting stronger local job markets.
Above Indiana's median household income
Wells County ranks above Indiana's state average median household income of $68,681, earning $1,060 more per household annually. The county's per capita income of $35,280 also exceeds the state average of $34,773, indicating a slightly more prosperous local economy. This positions Wells among Indiana's stronger-performing counties.
Wells leads nearby counties in earnings
Wells County's $69,741 median household income outpaces Wayne County by $13,089 and White County by $3,598, making it the strongest performer among its immediate neighbors. Only Whitley County to the north surpasses Wells with $75,790, a difference of just $6,049. These earnings patterns suggest Wells has maintained a more resilient employment base than adjacent regions.
Rent remains affordable; housing costs reasonable
Wells County's rent-to-income ratio of 14.4% is excellent and well below the 30% affordability threshold, giving renters comfortable financial breathing room. The median home value of $180,000 is accessible for many families earning the county median, though mortgage costs will vary with down payment and credit profile. Overall, housing costs pose minimal financial stress for typical Wells County households.
Invest in long-term wealth at Wells County income
With a median household income of $69,741, Wells County residents are positioned to build wealth through diversified investments and property ownership. Consider maxing out retirement account contributions, exploring index funds, and building home equity as core wealth strategies. Wells County's stable economy makes this an opportune time to invest in financial growth and generational wealth.
Frequently Asked Questions
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.