Last updated: 2024 BLS data · Page refreshed:
Wallace has a population of 4,202 with a median age of 40.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 4,202 |
| Median Age | 40.3 |
| White | 71.8% |
| Black or African American | 3.1% |
| Asian | 5.9% |
| Hispanic or Latino | 2.5% |
| Other / Two or More Races | 16.7% |
The median household income in Wallace is $116,496, which is 44.5% above the national median of $80,610. The per capita income is $54,069. The poverty rate is 5.7%.
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In Wallace, 98.9% of residents age 25+ have a high school diploma or higher, and 44.9% hold a bachelor's degree or higher (16.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.9% |
| Bachelor's Degree or Higher | 44.9% |
| Graduate or Professional Degree | 16.0% |
The median home value in Wallace is $400,700, above the national median of $303,400. The median monthly rent is $1,411. The homeownership rate is 92.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $400,700 |
| Median Monthly Rent | $1,411 |
| Homeownership Rate | 92.4% |
| Vacancy Rate | 3.3% |
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