Personal loans in Wells, MN

Wells is home to roughly 2,398 people and stands 241st by size out of 853 Census places in Minnesota. With roughly 2,398 residents, Wells is a small community, and the lending rules its borrowers live under are written in Minnesota, not by the city. Census figures put the 2020-to-2023 decrease in Wells at about 0.5%. Pull your credit reports and line up at least three offers before you apply from Wells. The closest larger city is Albert Lea, MN about 19 miles away.

Wells by the numbers

Here is the sourced Census picture for Wells, plus the Minnesota lending rules that apply to a loan taken out here.

• Population: a Census-estimated 2,398, 241st among Minnesota's 853 places (Vintage 2023).
• Population trend: A decline of about 0.5% across the 2020-to-2023 comparison.
• Net change: roughly 12 fewer people than the 2020 Census counted.
• Size percentile: Wells's 2,398 people outrank roughly 72% of the places in Minnesota.
• Population density: 1,149 people per square mile on 2.1 square miles of land.
• Land area rank: Wells's 2.1 square miles rank 319th of 853 places in Minnesota.
• Water: Wells holds about 0.15 square miles, the 214th-largest water area in Minnesota.
• State population share: Wells accounts for about 0.1% of everyone in Minnesota.
• Nationally: Wells is the 6,991st-largest of 19,457 Census places in the dataset.
• Growth in Minnesota: Wells stands 395th by percentage change from 2020 to 2023, among 853 places.
• Versus Minnesota: the state average change is +0.1%, while Wells moved 0.5%.
• Density rank: Wells is the 218th most densely settled place in Minnesota.
• Against the state median: Wells runs about 1,149 residents per square mile, where the Minnesota median is 607.
• Location: 43.7432, -93.7329 (US Census Bureau Gazetteer).
• Nearest larger cities: Albert Lea (19 mi); Blue Earth (20 mi); Waseca (26 mi); Janesville (26 mi); Eagle Lake (30 mi). Living near a larger metro rarely changes what is available in Wells.
• Nearest smaller towns: Minnesota Lake (8 mi); Easton (8 mi); Freeborn (9 mi).
• Within a 50-mile radius: 94 smaller Census places.
• Larger places within 100 miles: 157.

Getting a loan in Wells

Wells is moderately settled, with about 1,149 people per square mile and 21 larger places within 50 miles. A Minnesota licence lets a lender serve Wells without a local office, so branch density does not change what its 2,398 residents are offered. The nearest larger city, Albert Lea, MN about 19 miles away.

Land, water and location for Wells

Wells covers about 2.1 square miles of land, with 0.15 square miles of water inside its boundaries (Census Gazetteer). The resulting density is about 1,149 people per square mile. The largest place in Minnesota, Minneapolis, lies about 87 miles away. Within 50 miles of Wells there are 21 larger Census places. Within the same 50 miles lie 94 smaller Census places.

How personal loans work in Wells

Wells is a small community of about 2,398 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. A lender serving Wells's 2,398 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Wells loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

How Minnesota law applies in Wells

When Minnesota does not publish a figure, the row links to the source instead of inventing a number; Wells is bound by the same rules.

How Wells compares across Minnesota

Among Minnesota's 853 places, Wells sits at 241st for population, a share of roughly 0.1% of the state. Its 2020-to-2023 change ranks 395th of 853 Minnesota places, putting it near the 54th percentile for growth. At about 1,149 people per square mile, Wells is the 218th most densely settled place in Minnesota. In land area, Wells ranks 319th among Minnesota's 853 places.