Wells is located in south Minnesota. Wells is between the Faribault, Freeborn, Waseca county. Wells has 1.99 square miles of land area and has no water area. As of 2010-2014, the total Wells population is 2,451, which has shrunk 1.72% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Wells median household income is $41,429 in 2010-2014 and has grown by 56.55% since 2000. The income growth rate is much higher than the state average rate of 29.12% and is much higher than the national average rate of 27.36%. Wells median house value is $74,900 in 2010-2014 and has grown by 52.86% since 2000. The house value growth rate is about the same as the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Wells is better than the state average in quality. The Wells area code is 507.