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Wallace, North Carolina

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
3,457
Population
$51,250
Median Income
$178,000
Home Value
43.6
Median Age

Demographics

Wallace has a population of 3,457 with a median age of 43.6. Here is the racial and ethnic breakdown of the population:

White
44.3%
Black
27.2%
Hispanic
24.2%
Other
4.3%
Demographic Value
Total Population3,457
Median Age43.6
White44.3%
Black or African American27.2%
Hispanic or Latino24.2%
Other / Two or More Races4.3%
Wallace, North Carolina — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 44.3%Black: 27.2%Hispanic/Latino: 24.2%Other: 4.3%3,457PopulationWhiteWhite44.3%BlackBlack27.2%Hispanic/LatinoHispanic/Latino24.2%OtherOther4.3%

Income & Economy

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%.

$51,250
Median Household Income
$25,823
Per Capita Income
30.4%
Poverty Rate

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Education

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).

HS Diploma+
73.6%
Bachelor's+
11.5%
Graduate+
4.0%
Education Level % of Adults (25+)
High School Diploma or Higher73.6%
Bachelor's Degree or Higher11.5%
Graduate or Professional Degree4.0%

Housing

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%.

$178,000
Median Home Value
$881/mo
Median Rent
57.5%
Homeownership Rate
Housing Metric Value
Median Home Value$178,000
Median Monthly Rent$881
Homeownership Rate57.5%
Vacancy Rate6.9%

Salaries in North Carolina

Explore salary data for popular occupations in North Carolina:

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Other Cities in North Carolina

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Frequently Asked Questions

What is the population of Wallace, North Carolina?
The population of Wallace, North Carolina is 3,457 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Wallace, North Carolina?
The median household income in Wallace, North Carolina is $51,250. This is 36.4% below the national median of $80,610.
What is the median home value in Wallace, North Carolina?
The median home value in Wallace, North Carolina is $178,000. The median monthly rent is $881.
What percentage of people in Wallace have a college degree?
In Wallace, North Carolina, 11.5% of adults age 25 and older hold a bachelor's degree or higher, and 73.6% have a high school diploma or higher.
Is Wallace, North Carolina an affordable place to live?
The home price-to-income ratio in Wallace, North Carolina is 3.5x (median home value $178,000 vs. median income $51,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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