| Index | Wellman | Iowa | National |
| Cost of living | 89 | 90 | 100 |
| Goods & Services | 101 | 96 | 100 |
| Groceries | 97 | 97 | 100 |
| Health care | 94 | 99 | 100 |
| Housing | 69 | 73 | 100 |
| Transportation | 104 | 98 | 100 |
| Utilities | 86 | 96 | 100 |


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| Cost of living index | |
| Goods & Services index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $69,609 | $5,801 | $1,624 | $2,088 |
| Renters | $24,871 | $2,073 | $580 | $746 |
| State | General Sales Tax | With Max Surtax |
| Iowa | 6% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Iowa | 4.4% | 6% |
| Item | Wellman | National avg. | Difference |
| Haircut | $27.83 | $24.26 | 14.7% |
| Beauty Salon | $46.89 | $45.56 | 2.9% |
| Toothpaste | $3.82 | $3.70 | 3.1% |
| Shampoo | $1.30 | $1.28 | 1.5% |
| Movie | $11.85 | $12.13 | 2.4% |
| Bowling | $18.50 | $18.00 | 2.8% |
| Item | Wellman | National avg. | Difference |
| Ground Beef | $5.67 | $5.84 | 2.9% |
| Fried Chicken | $1.35 | $1.57 | 14.2% |
| Milk | $4.63 | $4.67 | 0.8% |
| Potatoes | $4.73 | $4.93 | 4.1% |
| Pizza | $11.49 | $12.09 | 4.9% |
| Beer | $9.86 | $10.41 | 5.3% |
| Item | Wellman | National avg. | Difference |
| Optometrist | $134.20 | $125.68 | 6.8% |
| Doctor | $140.02 | $135.78 | 3.1% |
| Dentist | $93.33 | $113.29 | 17.6% |
| Ibuprofen | $10.72 | $10.65 | 0.6% |
| Lipitor | $454.61 | $468.60 | 3.0% |
| Item | Wellman | National avg. | Difference |
| Home Price | $131,800.00 | $184,700.00 | 28.6% |
| Avg. Mortgage Payment | $1,900.08 | $2,346.69 | 19.0% |
| Apartment Rent | $590.00 | $949.00 | 37.8% |
| Item | Wellman | National avg. | Difference |
| Gasoline | $3.37 | $3.46 | 2.5% |
| Tire Balancing | $72.71 | $59.92 | 21.4% |
| Item | Wellman | National avg. | Difference |
| All Electricity | $153.70 | $193.99 | 20.8% |
| Phone | $186.06 | $192.25 | 3.2% |
| City | Population | Cost of Living Index | National Avg. |
| Frytown, IA | 47 | 98 | 1.6% |
| Kinross, IA | 67 | 77 | 22.5% |
| West Chester, IA | 87 | 79 | 20.9% |
| South English, IA | 280 | 82 | 17.6% |
| Harper, IA | 96 | 83 | 16.7% |
| Wellman, IA | 1,428 | 89 | 10.6% |
| City | Population | Cost of Living Index | National Avg. |
| Kincaid, IL | 1,428 | 81 | 18.9% |
| Breckenridge, MI | 1,428 | 81 | 19.4% |
| New Rockford, ND | 1,428 | 84 | 15.8% |
| Elkhart, TX | 1,428 | 85 | 14.5% |
| Summerdale, AL | 1,429 | 95 | 4.6% |
| Wellman, IA | 1,428 | 89 | 10.6% |