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Wells, NY Profile: Facts & Data

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Wells, New York - Basic Facts

The Wells CDP(1) had a population of 454 as of July 1, 2023. Wells ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Wells is located at latitude 43.3959 and longitude -74.2896 in Hamilton County. The formal boundaries for the Wells Census Designated Place encompass a land area of 7.72 sq. miles and a water area of 0.62 sq. miles. Hamilton County is in the Eastern time zone (GMT -5).

The Wells Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of ""

The Wells Census Designated Place is located within Town of Wells, a minor civil division (MCD) of Hamilton County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Wells 2023 Demographic Data
  2. Growth Rates for Wells (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2023 Demographics
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Wells, NY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 454 (100%)
Population in Households 436 (96.0%)
Population in Families 327 (72.0%)
Population in Group Quarters1 18 ( 4.0%)
Population Density 59
Diversity Index2 13
 
 

INCOME

Median Household Income $52,029
Average Household Income $67,014
% of Income for Mortgage4 21%
Per Capita Income $32,390
Wealth Index5 50
Socioeconomic Status Index6 Moderate (52.2)
 

HOUSING

Total HU (Housing Units) 535 (100%)
Owner Occupied HU 193 (36.1%)
Renter Occupied HU 26 ( 4.9%)
Vacant Housing Units 316 (59.1%)
Median Home Value $185,494
Average Home Value $225,518
Housing Affordability Index3 111
 

HOUSEHOLDS

Total Households 219
Average Household Size 1.99
Family Households 124
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2023 2023-2028
Population -4.71% -0.27%
Households -0.56% 0.00%
Families   0.00%
Median Household Income   2.38%
Per Capita Income   2.49%
Owner Occupied HU   0.21%

Wells, NY - Peer Comparisons by Rank and Percentile

The table below compares Wells to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1086 16th
Population Density # 1278 1st
Median Household Income # 1128 13th
Housing Affordability Index # 775 60th
Per Capita Income # 1022 21st
Diversity Index # 1219 6th

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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