All Countries
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
Income Overview
Median Household Income
$65,625
13% below
US avg: $75,149
Per Capita Income
$26,001
33% below
US avg: $39,052
Unemployment Rate
1.1%
69% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
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
$65,625
87%
Per Capita
US: $39,052
$26,001
67%
IRS Avg AGI
US: $72,000
$61,905
86%
Avg Weekly Wage
US: $1,432
$817
57%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$817
43% below US avg ($1,432)
Mean Commute Time
37 min
36% above US avg (28 min)
Work From Home
4.1%
73% below US avg (15.2%)
Drive Alone
80.8%
10% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$534M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
80.8%
Public Transit
0%
Work From Home
4.1%
Other
15.1%
Average commute time
37 minutes
US avg: 28 min
Business Landscape
Total Establishments
326
Restaurants
28
Healthcare
18
Retail
48
Manufacturing
15
Tax & Financial
IRS Avg Adjusted Gross Income
$61,905
14% below US avg ($72,000)
Avg Property Tax
$2,225
36% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $65,625 |
| Per Capita Income | $26,001 |
| IRS Avg Adjusted Gross Income | $61,905 |
| Avg Weekly Wage | $817 |
| County GDP | $534M |
Hardship Indicators
| Unemployment Rate | 1.1% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.431 |
| Cost of Living Index | 93.3 |
Commute
| Mean Commute | 37 minutes |
| Drive Alone | 80.8% |
| Public Transit | 0.0% |
| Work From Home | 4.1% |
Businesses
| Total Establishments | 326 |
| Restaurants | 28 |
| Healthcare | 18 |
| Retail | 48 |
| Manufacturing | 15 |
Tax
| IRS Avg AGI | $61,905 |
| Avg Property Tax | $2,225 |