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A new water well pressure tank costs $300 to $500. If you choose to hire a plumber for the job, expect labor to cost $125 to $200. If the tank is difficult to access, labor will cost more. Diaphragm and bladder well pressure tanks have similar costs. One-compartment well pressure tanks are less costly, but they have a higher chance of waterlogging. Larger pressure tanks cost more and hold more water, but they don’t increase water pressure.

How to size a well pressure tank is determined by three factors: flow rate, or how many gallons per minute your well pump produces; minimum runtime; and pressure switch setting. Most pressure tanks have a pressure switch operating at 20/40, 30/50, and 40/60—the first number is the pressure needed for the pump to turn on, and the second number is the pressure needed for the pump to switch off. Most homeowners relying on well water require a water pressure tank ranging from 20 to 80 gallons. 

How do you set your well’s pressure tank? All you need to do is first drain the tank of water and find the pressure switch. Remove the switch cover and adjust the switch with a wrench—clockwise to increase water pressure, and counter-clockwise to reduce it. Each complete turn of the nut on the switch should equal 2.5 psi. Once this is done, replace the switch cover. All that’s left is to adjust the pressure of the tank itself using an air compressor and a tire gauge to support the new setting.

Drilled wells have a pipe sticking up that’s covered in a plastic or metal casing. On the other hand, a dug well will look like a big hole in the ground and is more similar to what you’d see in a fantasy or Western movie. If you want to be sure, contact the city for documentation on your property’s construction and excavation history.