hy Hitesh,
here is your test class with 100% code coverage.

import { createElement } from 'lwc';
import testJestForLwc from 'c/testJestForLwc';
import { registerApexTestWireAdapter } from '@salesforce/sfdx-lwc-jest';
import total from '@salesforce/apex/Display.total';


const mockGetContactList = require('./data/contractData.json');
console.log('mockGetContactList ==> ' + JSON.stringify(mockGetContactList));

//const mockGetContactListNoRecords = require('./data/contractError.json');

const getContactListAdapter = registerApexTestWireAdapter(total);
describe('c-wire-apex', () => {
    afterEach(() => {
      while (document.body.firstChild) {
        document.body.removeChild(document.body.firstChild);
      }
      // Prevent data saved on mocks from leaking between tests
      jest.clearAllMocks();
    });
	describe('test getContactList wire',() => {

        it('renders contact records', () => {
            const element = createElement('c-test-wire-method', {
              is: testJestForLwc
            });
            document.body.appendChild(element);
              
// Emit data from @wire
getContactListAdapter.emit(mockGetContactList);

return Promise.resolve().then(() => {
    const contactElements = element.shadowRoot.querySelector('div');
   // expect(contactElements.length).toBe(mockGetContactList.length);
   console.log('contactElements.textContent : ' + contactElements.textContent);
   console.log('mockGetContactList : ' + mockGetContactList);
   let totalRec = parseInt(contactElements.textContent, 10);
   console.log('totalRec : ' + totalRec);
    expect(totalRec).toEqual(mockGetContactList);
  });
      });

    });

   
});

If this is your first test class and you don't know how to setup jest in org then simply you need to complete {1} modules.
1. https://trailhead.salesforce.com/content/learn/modules/test-lightning-web-components/set-up-jest-testing-framework
after complete this module you will get to know that how to create jest test and then simply you need to follow below step.
#1. right click on you lwc component and create a folder '__tests__' 
#2. then again right click on you lwc component and create a New file name your folderName.test.js and 
#3. then again right click on you lwc component and create a New folder name 'Data' and in data folder create 2 files called 'contractData.json' and put 5 into that file.
#4. and in yourfolderName.test.js file paste above code.
Now question is how to run test class
#1. How to test class => npm run test:unit -t className
#2. how to check code coverage =>  run test:unit:coverage -t className

let me know if it helps you and don't forget to mark it as best answer.
Thank you