Cost of Living in Wells, VT

With a cost of living index of 88, Wells, VT is a very affordable place to live. Living here is 12% cheaper than the national average and 4% below the Vermont state average of 92. Wells is a small community of 423 residents.

Housing costs are the biggest factor in Wells's cost of living. The median monthly rent is $1,208 (8% below the US median of $1,319), and the median home value sits at $198,400 (35% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Wells is $73,750, which is 2% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.