Last updated: 2024 BLS data · Page refreshed:
Wallace has a population of 3,457 with a median age of 43.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,457 |
| Median Age | 43.6 |
| White | 44.3% |
| Black or African American | 27.2% |
| Hispanic or Latino | 24.2% |
| Other / Two or More Races | 4.3% |
The median household income in Wallace is $51,250, which is 36.4% below the national median of $80,610. The per capita income is $25,823. The poverty rate is 30.4%.
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In Wallace, 73.6% of residents age 25+ have a high school diploma or higher, and 11.5% hold a bachelor's degree or higher (4.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 73.6% |
| Bachelor's Degree or Higher | 11.5% |
| Graduate or Professional Degree | 4.0% |
The median home value in Wallace is $178,000, below the national median of $303,400. The median monthly rent is $881. The homeownership rate is 57.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $178,000 |
| Median Monthly Rent | $881 |
| Homeownership Rate | 57.5% |
| Vacancy Rate | 6.9% |
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