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Demographics
Population
Median Income
Racial Distributions
The zip code 56097 in Wells, Minnesota, is classified as having "Low Diversity" as of 2022. The area is predominantly white, with 90% of the population identifying as white. This demographic composition has remained relatively stable over the past decade, with only minor fluctuations in racial composition.
From 2013 to 2022, Wells has consistently maintained a "Low Diversity" classification. The white population has remained above 75% throughout this period, ranging from 88% to 93%. There have been small increases in diversity, particularly in the Hispanic population and those identifying as two or more races, but these changes have not been substantial enough to alter the overall diversity category.
The community shows subtle indications of a very slow diversification process. The percentage of residents identifying as two or more races increased from 0% in 2013 to 2% in 2022, and the Asian population has maintained a consistent 1% representation since 2017.
The median income in Wells has shown a steady increase over the analyzed period, rising from $45,477 in 2013 to $53,296 in 2022, an increase of about 17%. This growth in median income correlates with the period of relative demographic stability, suggesting economic improvements have occurred without significant changes to the racial makeup of the community.
The population has remained relatively stable, fluctuating between about 3,800 and 3,900 residents throughout the decade. This stability in both population and racial composition, coupled with rising incomes, may indicate a community experiencing gradual economic growth without significant demographic shifts.
Wells appears to be maintaining its traditional demographic composition. This is not uncommon for smaller, rural Midwestern communities, which often experience slower demographic changes compared to more urban areas.
The steady increase in median income without significant population growth or demographic shifts could suggest that the local economy is improving. However, the lack of significant demographic change might also indicate limited in-migration of new residents from diverse backgrounds.
Wells presents a picture of a stable, predominantly white community experiencing gradual economic improvement without significant demographic shifts. The community's challenge moving forward may be to maintain its economic growth while potentially adapting to and encouraging greater diversity to align with broader national trends.