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Wallace, Idaho

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
1,027
Population
$51,492
Median Income
$232,700
Home Value
47.0
Median Age

Demographics

Wallace has a population of 1,027 with a median age of 47.0. Here is the racial and ethnic breakdown of the population:

White
89.3%
Hispanic
8.3%
Other
1.4%
Black
0.7%
Demographic Value
Total Population1,027
Median Age47.0
White89.3%
Black or African American0.7%
Asian0.3%
Hispanic or Latino8.3%
Other / Two or More Races1.4%
Wallace, Idaho — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 89.3%Hispanic/Latino: 8.3%Other: 2.4%1,027PopulationWhiteWhite89.3%Hispanic/LatinoHispanic/Latino8.3%OtherOther2.4%

Income & Economy

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%.

$51,492
Median Household Income
$30,346
Per Capita Income
20.1%
Poverty Rate

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Education

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).

HS Diploma+
93.0%
Bachelor's+
19.6%
Graduate+
4.4%
Education Level % of Adults (25+)
High School Diploma or Higher93.0%
Bachelor's Degree or Higher19.6%
Graduate or Professional Degree4.4%

Housing

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%.

$232,700
Median Home Value
$727/mo
Median Rent
57.6%
Homeownership Rate
Housing Metric Value
Median Home Value$232,700
Median Monthly Rent$727
Homeownership Rate57.6%
Vacancy Rate33.4%

Salaries in Idaho

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Frequently Asked Questions

What is the population of Wallace, Idaho?
The population of Wallace, Idaho is 1,027 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Wallace, Idaho?
The median household income in Wallace, Idaho is $51,492. This is 36.1% below the national median of $80,610.
What is the median home value in Wallace, Idaho?
The median home value in Wallace, Idaho is $232,700. The median monthly rent is $727.
What percentage of people in Wallace have a college degree?
In Wallace, Idaho, 19.6% of adults age 25 and older hold a bachelor's degree or higher, and 93.0% have a high school diploma or higher.
Is Wallace, Idaho an affordable place to live?
The home price-to-income ratio in Wallace, Idaho is 4.5x (median home value $232,700 vs. median income $51,492), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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