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Wallace, Indiana

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
140
Population
$75,500
Median Income
$103,400
Home Value
24.0
Median Age

Demographics

Wallace has a population of 140 with a median age of 24.0. Here is the racial and ethnic breakdown of the population:

White
100.0%
Demographic Value
Total Population140
Median Age24.0
White100.0%
Wallace, Indiana — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.White: 100.0%140PopulationWhiteWhite100.0%

Income & Economy

The median household income in Wallace is $75,500, which is 6.3% below the national median of $80,610. The per capita income is $29,041. The poverty rate is 2.1%.

$75,500
Median Household Income
$29,041
Per Capita Income
2.1%
Poverty Rate

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Education

In Wallace, 96.9% of residents age 25+ have a high school diploma or higher, and 18.5% hold a bachelor's degree or higher (4.6% with a graduate or professional degree).

HS Diploma+
96.9%
Bachelor's+
18.5%
Graduate+
4.6%
Education Level % of Adults (25+)
High School Diploma or Higher96.9%
Bachelor's Degree or Higher18.5%
Graduate or Professional Degree4.6%

Housing

The median home value in Wallace is $103,400, below the national median of $303,400. The homeownership rate is 92.5%.

$103,400
Median Home Value
92.5%
Homeownership Rate
Housing Metric Value
Median Home Value$103,400
Homeownership Rate92.5%
Vacancy Rate9.1%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Wallace, Indiana?
The population of Wallace, Indiana is 140 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Wallace, Indiana?
The median household income in Wallace, Indiana is $75,500. This is 6.3% below the national median of $80,610.
What is the median home value in Wallace, Indiana?
The median home value in Wallace, Indiana is $103,400.
What percentage of people in Wallace have a college degree?
In Wallace, Indiana, 18.5% of adults age 25 and older hold a bachelor's degree or higher, and 96.9% have a high school diploma or higher.
Is Wallace, Indiana an affordable place to live?
The home price-to-income ratio in Wallace, Indiana is 1.4x (median home value $103,400 vs. median income $75,500), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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