Last updated: 2024 BLS data · Page refreshed:
Wallace has a population of 1,027 with a median age of 47.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,027 |
| Median Age | 47.0 |
| White | 89.3% |
| Black or African American | 0.7% |
| Asian | 0.3% |
| Hispanic or Latino | 8.3% |
| Other / Two or More Races | 1.4% |
The median household income in Wallace is $51,492, which is 36.1% below the national median of $80,610. The per capita income is $30,346. The poverty rate is 20.1%.
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In Wallace, 93.0% of residents age 25+ have a high school diploma or higher, and 19.6% hold a bachelor's degree or higher (4.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.0% |
| Bachelor's Degree or Higher | 19.6% |
| Graduate or Professional Degree | 4.4% |
The median home value in Wallace is $232,700, below the national median of $303,400. The median monthly rent is $727. The homeownership rate is 57.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $232,700 |
| Median Monthly Rent | $727 |
| Homeownership Rate | 57.6% |
| Vacancy Rate | 33.4% |
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