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Wallace, Louisiana

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
791
Population
$38,389
Median Income
$184,700
Home Value
33.7
Median Age

Demographics

Wallace has a population of 791 with a median age of 33.7. Here is the racial and ethnic breakdown of the population:

Black
87.4%
Hispanic
12.6%
Demographic Value
Total Population791
Median Age33.7
Black or African American87.4%
Hispanic or Latino12.6%
Wallace, Louisiana — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.Black: 87.4%Hispanic/Latino: 12.6%791PopulationBlackBlack87.4%Hispanic/LatinoHispanic/Latino12.6%

Income & Economy

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%.

$38,389
Median Household Income
$31,382
Per Capita Income
12.9%
Poverty Rate

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Education

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).

HS Diploma+
97.9%
Bachelor's+
41.8%
Graduate+
10.0%
Education Level % of Adults (25+)
High School Diploma or Higher97.9%
Bachelor's Degree or Higher41.8%
Graduate or Professional Degree10.0%

Housing

The median home value in Wallace is $184,700, below the national median of $303,400. The homeownership rate is 63.6%.

$184,700
Median Home Value
63.6%
Homeownership Rate
Housing Metric Value
Median Home Value$184,700
Homeownership Rate63.6%

Salaries in Louisiana

Explore salary data for popular occupations in Louisiana:

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Other Cities in Louisiana

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Frequently Asked Questions

What is the population of Wallace, Louisiana?
The population of Wallace, Louisiana is 791 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Wallace, Louisiana?
The median household income in Wallace, Louisiana is $38,389. This is 52.4% below the national median of $80,610.
What is the median home value in Wallace, Louisiana?
The median home value in Wallace, Louisiana is $184,700.
What percentage of people in Wallace have a college degree?
In Wallace, Louisiana, 41.8% of adults age 25 and older hold a bachelor's degree or higher, and 97.9% have a high school diploma or higher.
Is Wallace, Louisiana an affordable place to live?
The home price-to-income ratio in Wallace, Louisiana is 4.8x (median home value $184,700 vs. median income $38,389), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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