Carver, MN vs Wells, MN

The cost of living difference between Carver, MN and Wells, MN is dramatic. Wells is 80% cheaper than Carver, a gap that translates to thousands of dollars per year in household expenses. Carver has a cost index of 112 while Wells sits at 62, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Carver is $1,347/month compared to $699/month in Wells — a 93% difference. Home values follow the same pattern: Wells is more affordable at $93,200 median vs $427,600.

Median household income in Carver is $144,408 compared to $58,663 in Wells (+146.2%). While Carver is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carver spend roughly 11.2% of their income on rent, less than the 14.3% in Wells.