CRNG wrote, on Sat, 12 Jul 2014 05:49:29 -0500:

Bummer. So about $100,000 for a 1000 foot well and no guarantee that
you'll even hit water. I can see the appeal of a community well.

UPDATE:

The neighbors, who recently ran out of water, just drilled a new
well of 520 feet, which is getting 18 gallons per minute, and which
hit water at 300 feet initially.

They said it cost over 50K to drill, and that's not even counting
the new tanks they had to put in to meet the new code.