Wells is a medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Maine. With a population of 11,940 people and four associated neighborhoods, Wells is the 19th largest community in Maine. Much of the housing stock in Wells was built relatively recently. The construction of new real estate can often be taken as an indication that the local Wells economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Wells, where the median household income is $88,024.00.
Wells home prices are not only among the most expensive in Maine, but Wells real estate also consistently ranks among the most expensive in America.
Also of interest is that Wells has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Wells telecommute to their jobs. Overall, about 17.85% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Wells is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Wells’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
The town is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Wells has relatively fewer families with younger children, and/or college students. Combined, this makes Wells a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.
Wells is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
Wells is one of the most well-educated cities in the nation. 43.31% of adults in Wells have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Wells in 2022 was $48,140, which is wealthy relative to Maine and the nation. This equates to an annual income of $192,560 for a family of four. However, Wells contains both very wealthy and poor people as well.
The people who call Wells home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wells residents report their race to be White, followed by Black or African-American. Important ancestries of people in Wells include English, Irish, Italian, French, and French Canadian.
The most common language spoken in Wells is English. Other important languages spoken here include Polish and Spanish.