Last updated: 2024 BLS data · Page refreshed:
Wallace has a population of 665 with a median age of 59.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 665 |
| Median Age | 59.7 |
| White | 45.9% |
| Black or African American | 39.8% |
| Other / Two or More Races | 14.3% |
The median household income in Wallace is $32,703, which is 59.4% below the national median of $80,610. The per capita income is $22,272. The poverty rate is 14.4%.
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In Wallace, 70.6% of residents age 25+ have a high school diploma or higher, and 3.6% hold a bachelor's degree or higher (0.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 70.6% |
| Bachelor's Degree or Higher | 3.6% |
| Graduate or Professional Degree | 0.5% |
The median home value in Wallace is $97,600, below the national median of $303,400. The homeownership rate is 99.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $97,600 |
| Homeownership Rate | 99.1% |
| Vacancy Rate | 7.3% |
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