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Wallace, ID

Full City Profile · Idaho · Shoshone County County

2.8 /5.0
C+ Fair
1,127 Population 1,238/sq mi density
$50,526 Median Income $28,175 per capita
$219,200 Home Value $247,527 Zillow
$731 Median Rent 25.7% income on rent
46°F Avg Temperature 249 sunny days/yr
259 Violent Crime/100K 2,526 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$50,526 median income, 3.0% unemployment
A
Affordability
4.2 / 5.0
$219,200 home value, $731/mo rent
F
Safety
1.0 / 5.0
259 violent crimes/100K
C
Education
2.5 / 5.0
18.7% bachelor's degree or higher

Income Overview

Median Household Income
$50,526
33% below
US avg: $75,149
Per Capita Income
$28,175
28% below
US avg: $39,052
Unemployment Rate
3.0%
17% below
US avg: 3.6%
Poverty Rate
12.8%
3% above
US avg: 12.4%

Income Comparison: Wallace vs. U.S. Average

Each bar shows Wallace’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$50,526
67%
Per Capita
US: $39,052
$28,175
72%
IRS Avg AGI
US: $72,000
$55,961
78%
Avg Weekly Wage
US: $1,432
$1,034
72%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,034
28% below US avg ($1,432)
Mean Commute Time
19 min
31% below US avg (28 min)
Work From Home
14.1%
7% below US avg (15.2%)
Drive Alone
68.3%
7% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$955M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 68.3%
Public Transit 0%
Work From Home 14.1%
Other 17.6%
Average commute time
19 minutes
US avg: 28 min

Business Landscape

Total Establishments
502
Restaurants
54
Healthcare
28
Retail
54
Manufacturing
14

Tax & Financial

IRS Avg Adjusted Gross Income
$55,961
22% below US avg ($72,000)
Avg Property Tax
$3,161
10% below US avg ($3,500)
Cost of Living Index
95.5
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$50,526
Per Capita Income$28,175
IRS Avg Adjusted Gross Income$55,961
Avg Weekly Wage$1,034
County GDP$955M

Hardship Indicators

Unemployment Rate3.0%
Poverty Rate12.8%
Gini Coefficient0.423
Cost of Living Index95.5

Commute

Mean Commute19 minutes
Drive Alone68.3%
Public Transit0.0%
Work From Home14.1%

Businesses

Total Establishments502
Restaurants54
Healthcare28
Retail54
Manufacturing14

Tax

IRS Avg AGI$55,961
Avg Property Tax$3,161