Wallace, IN

Indiana

Wallace is a small town in Indiana with a population of 136. Residents earn $65,625 per year, which is 13% below the national average.

3.8 /5.0
B+ Good
136 Population 971/sq mi density
$65,625 Median Income $26,001 per capita
$92,500 Home Value
N/A Median Rent
52°F Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$65,625 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$92,500 home value
C
Education
2.0 / 5.0
12.9% bachelor's degree or higher
Median Income $65,625
13% lower than US avg
Home Value $92,500
67% lower than US avg
Bachelor's+ 12.9%
62% lower than US avg
Obesity Rate 43.0%
34% higher than US avg
Unemployment 1.1%
69% lower than US avg
Poverty Rate 1.5%
88% lower than US avg

How Wallace Compares to the U.S. Average (100% = U.S. avg)

People

Population136
Median Age23.6 yrs
Density971/mi²
Male / Female56% / 44%
Largest GroupWhite 100%
Veterans93.0%

Economy

A
Median Income$65,625
Per Capita$26,001
Unemployment1.1%
Poverty1.5%
County GDP$534M
Commute37 min

Housing

A+
Home Value$92,500
RentN/A
Ownership100.0%

Crime

ViolentN/A
PropertyN/A

Health

Obesity43.0%
UninsuredN/A
Depression26.9%
Heart Disease6.8%

Climate

Avg Temp52°F
AQI41 (Good)
Rain47.4 in/yr
Elevation704 ft

Education

C
Bachelor's+12.9%
High School+96.8%
School Score6.01

Community

2024 VoteR 78% / D 21%
Commute37 min
Broadband41.0%
Libraries2

Is Wallace a Good Place to Live?

Based on current data, Wallace receives an overall livability score of 3.8 out of 5.0, earning a grade of B+. Key strengths include low unemployment, affordable housing, a low poverty rate. Areas to be aware of include long commute times, high obesity rates. Wallace offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Wallace is $65,625, 13% below the national average of $75,149. The job market is very strong with unemployment at just 1.1%. Only 1.5% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 37 minutes, longer than the typical American commute of 28 minutes.

Cost of Living & Housing

The median home value in Wallace is $92,500, 67% below the national median — offering relatively affordable homeownership. At just 1.4x median income, home prices are very affordable relative to local earnings.

Education

12.9% of residents hold a bachelor's degree, below the national average of 33.7%. 96.8% have completed high school. Area schools have an average test score of 6/10.

Climate & Weather

Wallace experiences four distinct seasons with an average temperature of 52°F. Winters average 27°F in January while summers reach 74°F in July. Annual precipitation totals 47.4 inches, including 13.0 inches of snow. Air quality is rated Good with a median AQI of 41.

Wallace has a population of 136 with a density of 971 people per square mile. The median age is 23.6 years, 39% younger than the national median of 38.9. The city is predominantly White (100%).

Population

136
Total Population
971
People / sq mi
23.6yrs
Median Age
39% below US avg
0.1mi²
Land Area

Gender Distribution

Male 55.9%
Female 44.1%

Race & Ethnicity

Wallace vs U.S. Average

Language Spoken at Home

English Only100.0%
27% above US avg
Spanish0.0%
100% below US avg

Social Characteristics

Wallace vs U.S. Average

The median household income in Wallace is $65,625, which is 13% below the national average of $75,149. The unemployment rate is 1.1% (below the 3.6% US average). 1.5% of residents live below the poverty line. Workers commute an average of 37 minutes.

Income: Wallace vs U.S.

Commute Mode

Income

Median HH Income$65,625
13% below US avg
Per Capita Income$26,001
Avg Weekly Wage$817
IRS Avg AGI$61,905

Employment & Poverty

Unemployment1.1%
69% below US avg
Poverty Rate1.5%
88% below US avg
Establishments (County)326
County GDP$534M

Business (County)

Restaurants28
Healthcare18
Retail48
Manufacturing15

Tax & Cost of Living

Property Tax (IRS)$2,225
36% below US avg
Effective Tax Rate2.41%

Commute & Transportation

Commute Time37.4 min
Drive Alone80.8%
Public Transit0.0%
Work from Home4.1%

Walkability

The median home value in Wallace is $92,500, 67% below the national average. 100.0% of homes are owner-occupied.

Home Value Sources

Ownership Split

Home Values

Census Median$92,500
67% below US avg

Real Estate Market (Redfin)

Rental Costs

HUD Fair Market Rent

Studio$816
1 Bedroom$882
2 Bedrooms$1,096
3 Bedrooms$1,391
4 Bedrooms$1,590

Ownership & Property

Homeownership100.0%
Owner-Occupied100.0%

Property Tax

Avg Tax (IRS)$2,225
36% below US avg
Effective Rate2.41%
In Wallace, 43.0% of adults are obese (above the 32.1% national rate). 26.9% report depression. 27.3% are physically inactive.

Health Metrics: Wallace vs U.S. Average (%)

Chronic Conditions

Obesity43.0%
34% above US avg
Diabetes11.7%
Heart Disease6.8%
High Blood Pressure36.2%
Asthma11.5%
COPD8.9%
Stroke3.3%

Behaviors & Mental Health

Binge Drinking18.8%
Physical Inactivity27.3%
Depression26.9%
Mental Distress20.3%
Physical Distress15.1%

Healthcare Access

Insurance Rate89.9%
Checkup Rate76.0%
Premature Death7,682/100K

Food & Exercise

Food Environment7.5/10
Exercise Access47.0%
Healthcare Facilities18

Crime Rates: Wallace vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)1

Safety Score

Wallace has an average annual temperature of 52°F (11°C). Winters average 27°F in January while summers reach 74°F in July. Annual precipitation is 47.4 inches. Air quality is rated Good with a median AQI of 41.

Temperature

27°F Jan (-3°C) 74°F Jul (23°C)
Annual Average52.0°F
4% below US avg
January Average27°F (-3°C)
July Average74°F (23°C)

Precipitation & Snow

Annual Rainfall47.4 inches
25% above US avg
Snowfall13.0 inches/yr

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation704 ft (215 m)
Area0.1 sq mi (0.4 km²)
Population Density971/sq mi
Coordinates39.9871°N, 87.1471°W
TimezoneAmerica/Indiana/Indianapolis
County FIPS18121
It is classified as Nonmetro — Rural, adjacent. 12.9% of residents hold a bachelor's degree or higher (62% below US avg). In the 2024 election, the county voted Republican by a 56.9-point margin. 41.0% of households have broadband internet.

2024 Presidential Election (County)

R 77.5%
D 20.6%

Winner: Republican by 56.9 points

Education

Bachelor's Degree+12.9%
62% below US avg
High School+96.8%
School Test Score6.01
C Education Grade (2.0/5.0)

Urban-Rural Classification

RUCC Code 8Nonmetro — Rural, adjacent
Population Density971/sq mi
Total Area0.1 sq mi

Infrastructure & Services

Broadband Access41.0%
Public Libraries2
Healthcare Facilities18
Restaurants28
Retail Stores48

Safety & Disasters

Fatal Crashes (County/yr)1

Commute & Transportation

Avg Commute37.4 min
Drive Alone80.8%
Public Transit0.0%
Work from Home4.1%

Nearby Cities

Compare Wallace with another city: