At a Glance
Median Income
$115,216
$50,239 per capita
Home Value
$377,600
Zillow: $320,934
Median Rent
$1,394/mo
27.9% of income on rent
Violent Crime
286/100K
2,627/100K property
Bachelor's Degree+
48.6%
99.7% high school+
Unemployment
0.1%
6.7% poverty rate
Obesity Rate
29.3%
10.4% smoking rate
Avg Temperature
65°F
313 sunny days/yr
How Wallace Compares to the U.S. Average
Each bar shows Wallace's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Wallace a Good Place to Live?
B+
3.9 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Wallace residents earn a median household income of $115,216 , which is 53% above the national average of $75,149.
Per capita income is $50,239. The unemployment rate stands at 0.1% (97% below the U.S. rate of 3.6%). 6.7% of residents live below the poverty line. The area is home to 4,629 business establishments, including 272 restaurants.
Housing & Cost of Living
The median home value in Wallace is $377,600 , 34% above the national median of $281,900.
Zillow estimates the typical home at $320,934. Median rent is $1,394/month, with 27.9% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 2010.
Safety & Crime
Wallace reports 286 violent crimes per 100,000 residents
, which is 25% below the national average of 380/100K.
Property crime is 2,627/100K.
Education
48.6% of adults in Wallace hold a bachelor's degree or higher
(44% above the national average).
99.7% have completed high school. Local schools score 6.6/10 in standardized testing.
Climate & Weather
Wallace has an average annual temperature of 65°F (19°C).
Winters average 48°F in January while summers reach 80°F in July. The area gets 313 sunny days per year. Annual precipitation totals 67.6 inches. Air quality is rated Good with a median AQI of 41.
Data Overview
People
Population3,965
Median Age35.9 yrs
Density337/mi²
Male / Female52% / 48%
Foreign Born13.6%
Veterans18.1%
Economy
A+
Median Income$115,216
Per Capita$50,239
Unemployment0.1%
Poverty6.7%
County GDP$7,899M
Avg Weekly Wage$985
Housing
A+
Home Value$377,600
Rent$1,394
Ownership93.9%
Zillow$320,934
Housing Units1,288
Rent Burden27.9%
Crime
F
Violent286/100K
Property2,627/100K
Health
Obesity29.3%
Diabetes8.1%
Smoking10.4%
Heart Disease4.9%
Premature Death8,239/100K
Climate
Avg Temp65°F
Sunny Days313/yr
Rain67.6 in/yr
AQI41 (Good)
Elevation148 ft
Education
A+
Bachelor's+48.6%
High School+99.7%
Graduate+12.8%
School Score6.6/10
Community
2024 VoteR 75% / D 24%
Commute42 min
Broadband96.2%
Internet Speed120 Mbps
EV Stations2
Libraries6
Did You Know?
The median home in Wallace was built in 2010.
The nearest airport is Pensacola International (14 miles).
The Gini coefficient (income inequality) is 0.419 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
17.8% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 120 Mbps.
There are 272 restaurants in the area.
The county recorded 20 fatal vehicle crashes.
91 declared natural disasters on record.
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