Wellman is a small town in Iowa with a population of slightly more than 1,000. Retirees account for a greater percentage of the population (24%) here than nationally (14%), while young adults are less well-represented. Renters tend to be in the minority in the area, and 74% of residents own their homes. With a relatively low average rent of $688/month in the town, renting remains an affordable option, particularly compared to other cities in Iowa. Over the course of a year, renters in Wellman will save around $1,500 compared to the state average.
Wellman residents have an average commute of about 27 minutes, longer than the Iowa average of about 20 minutes. Driving a vehicle is the prevailing mode of getting to work, selected by 45% of commuters, while public transit is not used much. Walking (3%) isn't a common way to get to work, though the number is higher than the national average.
Workers are spread across a wide range of industries in Wellman, the most common five of which are healthcare, manufacturing, construction, education, and retail. Together, these industries make up 37% of the town's labor force. Wellman workers earn an average annual income of just over $65,000, about the same as their peers elsewhere in Iowa. Wellman, however, compares less favorably to the national average of $73,345. Wellman has a large concentration of residents older than 25 who have earned an Associate's degree (8%) compared to the national average (5%). In addition, 7% possess a Bachelor's degree and 2% have earned a Master's or Doctoral degree.
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