Last updated: 2024 BLS data · Page refreshed:
Wallace has a population of 791 with a median age of 33.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 791 |
| Median Age | 33.7 |
| Black or African American | 87.4% |
| Hispanic or Latino | 12.6% |
The median household income in Wallace is $38,389, which is 52.4% below the national median of $80,610. The per capita income is $31,382. The poverty rate is 12.9%.
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In Wallace, 97.9% of residents age 25+ have a high school diploma or higher, and 41.8% hold a bachelor's degree or higher (10.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.9% |
| Bachelor's Degree or Higher | 41.8% |
| Graduate or Professional Degree | 10.0% |
The median home value in Wallace is $184,700, below the national median of $303,400. The homeownership rate is 63.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $184,700 |
| Homeownership Rate | 63.6% |
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