At a Glance
Median Income
$98,750
$29,938 per capita
Home Value
$206,900
Zillow: $199,392
Bachelor's Degree+
31.0%
91.2% high school+
Unemployment
8.2%
4.7% poverty rate
Obesity Rate
41.3%
12.5% smoking rate
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?
A
4.2 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Wallace residents earn a median household income of $98,750 , which is 31% above the national average of $75,149.
Per capita income is $29,938. The unemployment rate stands at 8.2% (128% above the U.S. rate of 3.6%). 4.7% of residents live below the poverty line. The area is home to 462 business establishments, including 29 restaurants.
Housing & Cost of Living
The median home value in Wallace is $206,900 , 27% below the national median of $281,900.
Zillow estimates the typical home at $199,392. The cost of living index is 88.2 (100 = national average). The median home was built in 1987.
Education
31.0% of adults in Wallace hold a bachelor's degree or higher
(8% below the national average).
91.2% have completed high school. Local schools score 4.8/10 in standardized testing.
Climate & Weather
Wallace has an average annual temperature of 69°F (21°C).
Winters average 53°F in January while summers reach 83°F in July. Annual precipitation totals 64.5 inches. Air quality is rated Good with a median AQI of 32.
Data Overview
People
Population1,383
Median Age34.3 yrs
Density214/mi²
Male / Female47% / 54%
Foreign Born0.0%
Veterans0.0%
Economy
A
Median Income$98,750
Per Capita$29,938
Unemployment8.2%
Poverty4.7%
County GDP$3,330M
Avg Weekly Wage$1,519
Housing
A+
Home Value$206,900
Rent
Ownership76.6%
Zillow$199,392
Housing Units452
Rent Burden40.9%
Health
Obesity41.3%
Diabetes14.1%
Smoking12.5%
Heart Disease5.1%
Premature Death11,082/100K
Climate
Avg Temp69°F
Rain64.5 in/yr
AQI32 (Good)
Elevation6 ft
Education
B
Bachelor's+31.0%
High School+91.2%
Graduate+8.2%
School Score4.8/10
Community
2024 VoteR 50% / D 49%
Commute32 min
Broadband84.0%
Internet Speed99 Mbps
EV Stations2
Libraries2
Did You Know?
The median home in Wallace was built in 1987.
The nearest airport is Louis Armstrong New Orleans International (24 miles).
The Gini coefficient (income inequality) is 0.435 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
9.6% of the population has a disability.
The county recorded 4 fatal vehicle crashes.