MY farmhouse had a shallow well with the pump in the basement. In the 32 years in that house I rebuilt the pump 4 times and replace the pump and motor 3 times!
My dad and brother had deep wells and the houses we built and sold off had deep wells (deepest was 8", 185 feet deep! on dad's second farm). Since 1963 we had a total of ONE deep well pump go out!
I hear the going rate for 4" wells is $20-25 per foot plus casement, tank and pump!
There is a "Private" Water company in the area (Tap fee $2000 plus line) and hardly anyone drill wells! The condo complex we live in has a "Private Utility" that sells us water and Electric, they buy their water from the Private water supplier in the next county north and pipe it into the City! (About the same price to us, but we generally have better water and lots better service than city water! Our area (Columbus, Ohio) the largest part of commercial water bills, is the sewer bill, and the largest part of sewer bills is the rain/storm sewer portion. Our condo complex has retention ponds and manmade wetlands to deal with the rain water so no sewer bill for that and septic is contracted with the city by the cubic yard! We (condo association and privet utility) are protected from "Predatory" City utilities!
I had 3 apartment complexes, (about 1000 units total) the city raised water/sewer rates about 5 times faster than inflation! They started this in the mid to late 80's and still are doing it! So developers would establish private utilities before building and the courts have upheld it!
Ivan