Last updated: 2024 BLS data · Page refreshed:
Wallace has a population of 266 with a median age of 56.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 266 |
| Median Age | 56.6 |
| White | 90.6% |
| Hispanic or Latino | 8.6% |
| Other / Two or More Races | 0.8% |
The median household income in Wallace is $63,125, which is 21.7% below the national median of $80,610. The per capita income is $33,958. The poverty rate is 3.0%.
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In Wallace, 91.7% of residents age 25+ have a high school diploma or higher, and 32.4% hold a bachelor's degree or higher (4.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.7% |
| Bachelor's Degree or Higher | 32.4% |
| Graduate or Professional Degree | 4.6% |
The median home value in Wallace is $107,900, below the national median of $303,400. The median monthly rent is $732. The homeownership rate is 82.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $107,900 |
| Median Monthly Rent | $732 |
| Homeownership Rate | 82.2% |
| Vacancy Rate | 16.3% |
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