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Wallace, California

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
714
Population
$143,650
Median Income
$581,200
Home Value
40.9
Median Age

Demographics

Wallace has a population of 714 with a median age of 40.9. Here is the racial and ethnic breakdown of the population:

White
97.6%
Hispanic
2.4%
Demographic Value
Total Population714
Median Age40.9
White97.6%
Hispanic or Latino2.4%
Wallace, California — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.6%Hispanic/Latino: 2.4%714PopulationWhiteWhite97.6%Hispanic/LatinoHispanic/Latino2.4%

Income & Economy

The median household income in Wallace is $143,650, which is 78.2% above the national median of $80,610. The per capita income is $43,786.

$143,650
Median Household Income
$43,786
Per Capita Income

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Education

In Wallace, 91.9% of residents age 25+ have a high school diploma or higher, and 32.3% hold a bachelor's degree or higher (28.4% with a graduate or professional degree).

HS Diploma+
91.9%
Bachelor's+
32.3%
Graduate+
28.4%
Education Level % of Adults (25+)
High School Diploma or Higher91.9%
Bachelor's Degree or Higher32.3%
Graduate or Professional Degree28.4%

Housing

The median home value in Wallace is $581,200, above the national median of $303,400. The homeownership rate is 64.5%.

$581,200
Median Home Value
64.5%
Homeownership Rate
Housing Metric Value
Median Home Value$581,200
Homeownership Rate64.5%

Salaries in California

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Frequently Asked Questions

What is the population of Wallace, California?
The population of Wallace, California is 714 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Wallace, California?
The median household income in Wallace, California is $143,650. This is 78.2% above the national median of $80,610.
What is the median home value in Wallace, California?
The median home value in Wallace, California is $581,200.
What percentage of people in Wallace have a college degree?
In Wallace, California, 32.3% of adults age 25 and older hold a bachelor's degree or higher, and 91.9% have a high school diploma or higher.
Is Wallace, California an affordable place to live?
The home price-to-income ratio in Wallace, California is 4.0x (median home value $581,200 vs. median income $143,650), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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