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Wallace, IN
Full City Profile · Indiana · Parke County County
3.1
/5.0
B
Good
136
Population
971/sq mi density
$65,625
Median Income
$26,001 per capita
$92,500
Home Value
$141,057 Zillow
52°F
Avg Temperature
293 sunny days/yr
1,261
Violent Crime/100K
2,834 property/100K
B
Overall
3.1 / 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, /mo rent
F
Safety
1.0 / 5.0
1,261 violent crimes/100K (232% above avg)
C
Education
2.0 / 5.0
12.9% bachelor's degree or higher
Wallace experiences four distinct seasons with an average annual temperature of 52°F (11°C). Winters average 27°F in January while summers reach 74°F in July. The area gets 293 sunny days per year. Annual precipitation totals 47.4 inches. The area receives 13.0 inches of snow annually. Air quality is rated Good with a median AQI of 41.
Temperature
27°F Jan (-3°C)
74°F Jul (23°C)
| Annual Average | 52.0°F |
| 4% below US avg | |
| January Average | 27°F (-3°C) |
| July Average | 74°F (23°C) |
| Sunny Days | 293 days/yr |
Geography
| Elevation | 704 ft (215 m) |
| Area | 0.1 sq mi (0.2 km²) |
| Population Density | 971/sq mi |
| Coordinates | 39.9871°N, 87.1471°W |
| Timezone | America/Indiana/Indianapolis |
| County | Parke County County |
| Nearest Airport | Vermilion Regional (DNV) 28 miles away |
Precipitation & Snow
Air Quality
| AQI Median | 41.0 |
| Rating | Good |
Natural Hazard Risk
| Overall Risk | Very Low |
| Risk Score | 27.6 / 100 |
| Social Vulnerability | 58.5 / 100 |
| Community Resilience | 43.6 / 100 |
Hazard Breakdown
| Tornado | Relatively Low |
| Hurricane | Very Low |
| Earthquake | Relatively Low |
| Wildfire | Very Low |
| Flood | Very Low |
| Hail | Relatively Low |
| Strong Wind | Relatively Low |
| Heat Wave | Relatively Low |
| Winter Weather | Relatively Low |
| Lightning | Relatively Low |
| Ice Storm | Relatively Low |
| Drought | Relatively Moderate |
| Cold Wave | Relatively Low |
| Landslide | Relatively Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | 27°F (-3°C) | 2.1 in | Coldest, Driest |
| February | 29°F (-2°C) | 2.1 in | |
| March | 40°F (5°C) | 3.3 in | |
| April | 51°F (11°C) | 3.9 in | |
| May | 61°F (16°C) | 4.4 in | |
| June | 71°F (21°C) | 4.2 in | |
| July | 74°F (23°C) | 4.5 in | Warmest, Wettest |
| August | 72°F (22°C) | 4.1 in | |
| September | 66°F (19°C) | 3.2 in | |
| October | 54°F (12°C) | 2.9 in | |
| November | 42°F (6°C) | 3.7 in | |
| December | 31°F (-1°C) | 3.0 in |
Wallace has a seasonal temperature swing of 47°F / from 27°F in January to 74°F in July. Total annual precipitation is 41.6 inches, with July being the wettest month (4.5") and January the driest (2.1").