Median Income
$49,358
34% lower than US avg
Home Value
$192,800
32% lower than US avg
Violent Crime
520/100K
37% higher than US avg
Bachelor's+
14.6%
57% lower than US avg
Median Rent
$833
28% lower than US avg
Obesity Rate
39.8%
24% higher than US avg
Unemployment
3.6%
0% lower than US avg
Poverty Rate
14.1%
14% higher than US avg
How Wallace Compares to the U.S. Average (100% = U.S. avg)
People
Population3,438
Median Age44.3 yrs
Density1,078/mi²
Male / Female42% / 59%
Largest GroupWhite 52%
Economy
B
Median Income$49,358
Per Capita$27,531
Unemployment3.6%
Poverty14.1%
County GDP$2,914M
Commute20 min
Housing
A
Home Value$192,800
Rent$833
OwnershipN/A
Zillow$212,467
Crime
F
Violent520/100K
Property5,668/100K
Murder0.0/100K
Assault371/100K
Burglary1,386/100K
Health
Obesity39.8%
UninsuredN/A
Depression23.6%
Heart Disease6.1%
Climate
Avg Temp62°F
AQI40 (Good)
Rain57.2 in/yr
Elevation51 ft
Education
C
Bachelor's+14.6%
High School+78.0%
School Score5.46
Community
2024 VoteR 64% / D 35%
Commute20 min
EV Stations2
Libraries6
Is Wallace a Good Place to Live?
Based on current data, Wallace receives an overall livability score of 2.7 out of 5.0, earning a grade of C+. Key strengths include affordable housing. Areas to be aware of include elevated crime rates, below-average incomes, high obesity rates. Wallace has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Wallace is $49,358, 34% below the national average of $75,149. Unemployment stands at 3.6%, indicating a healthy job market. 14.1% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 20 minutes.
Cost of Living & Housing
The median home value in Wallace is $192,800, 32% below the national median — offering relatively affordable homeownership. Renters pay a median of $833 per month, below the national average — a plus for affordability. A price-to-income ratio of 3.9x indicates a reasonably affordable housing market.
Safety & Crime
The violent crime rate of 520 per 100,000 is above the national average of 380 — something for prospective residents to consider. Property crime occurs at a rate of 5,668 per 100,000, 189% above the national average.
Education
14.6% of residents hold a bachelor's degree, below the national average of 33.7%. 78.0% have completed high school. Area schools have an average test score of 5.5/10.
Climate & Weather
Wallace enjoys a moderate climate with an average annual temperature of 62°F. Winters average 43°F in January while summers reach 81°F in July. Annual precipitation totals 57.2 inches. Air quality is rated Good with a median AQI of 40.
Wallace has a population of 3,438 with a density of 1,078 people per square mile. The median age is 44.3 years, 14% older than the national median of 38.9. The city is predominantly White (51.7%), with 26.7% Black.
Population
44.3yrs
Median Age
14% above US avg
Language Spoken at Home
| English Only | 83.3% |
| 6% above US avg |
| Spanish | 16.7% |
| 25% above US avg |
The median household income in Wallace is $49,358, which is 34% below the national average of $75,149. The unemployment rate is 3.6% (below the 3.6% US average). 14.1% of residents live below the poverty line. Workers commute an average of 20 minutes.
Income
| Median HH Income | $49,358 |
| 34% below US avg |
| Per Capita Income | $27,531 |
| Avg Weekly Wage | $884 |
| IRS Avg AGI | $51,346 |
Employment & Poverty
| Unemployment | 3.6% |
| 0% below US avg |
| Poverty Rate | 14.1% |
| 14% above US avg |
| Establishments (County) | 1,178 |
| County GDP | $2,914M |
Business (County)
| Restaurants | 71 |
| Healthcare | 100 |
| Retail | 168 |
| Manufacturing | 36 |
Tax & Cost of Living
| Property Tax (IRS) | $3,105 |
| 11% below US avg |
| Effective Tax Rate | 1.61% |
Commute & Transportation
| Commute Time | 20.2 min |
| Work from Home | 1.1% |
The median home value in Wallace is $192,800, 32% below the national average. Monthly rent averages $833 (28% below US avg). Zillow estimates the typical home value at $212,467.
Home Values
| Census Median | $192,800 |
| 32% below US avg |
| Zillow ZHVI | $212,467 |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $833 |
| 28% below US avg |
HUD Fair Market Rent
| Studio | $932 |
| 1 Bedroom | $981 |
| 2 Bedrooms | $1,161 |
| 3 Bedrooms | $1,499 |
| 4 Bedrooms | $1,780 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $3,105 |
| 11% below US avg |
| Effective Rate | 1.61% |
In Wallace, 39.8% of adults are obese (above the 32.1% national rate). 23.6% report depression. 28.4% are physically inactive.
Health Metrics: Wallace vs U.S. Average (%)
Chronic Conditions
| Obesity | 39.8% |
| 24% above US avg |
| Diabetes | 12.7% |
| Heart Disease | 6.1% |
| High Blood Pressure | 36.8% |
| Asthma | 11.1% |
| COPD | 7.1% |
| Stroke | 3.7% |
Behaviors & Mental Health
| |
| Binge Drinking | 14.7% |
| Physical Inactivity | 28.4% |
| Depression | 23.6% |
| Mental Distress | 18.1% |
| Physical Distress | 13.8% |
Healthcare Access
| Insurance Rate | 92.0% |
| |
| Checkup Rate | 78.1% |
| Premature Death | 11,990/100K |
Food & Exercise
| Food Environment | 7.2/10 |
| Exercise Access | 27.2% |
| Healthcare Facilities | 100 |
Wallace has a violent crime rate of 520 per 100,000 residents, 37% above the national average of 380. Property crime stands at 5,668 per 100,000 (189% above US avg). The murder rate is 0.0 per 100,000.
Crime Rates: Wallace vs U.S. Average (per 100,000)
Violent Crime
| Total Violent | 519.8/100K |
| 37% above US avg |
| Murder | 0.0/100K |
| 100% below US avg |
| Rape | 24.8/100K |
| Robbery | 123.8/100K |
| Assault | 371.3/100K |
Property Crime
| Total Property | 5,668.3/100K |
| 189% above US avg |
| Burglary | 1,386.1/100K |
| Theft | 4,084.2/100K |
| Vehicle Theft | 198.0/100K |
| Arson | 173.3/100K |
Traffic Safety
| Fatal Crashes (County/yr) | 20 |
Safety Score
| Safety Grade | F |
| Safety Score | 1.0 / 5.0 |
Wallace has an average annual temperature of 62°F (17°C). Winters average 43°F in January while summers reach 81°F in July. Annual precipitation is 57.2 inches. Air quality is rated Good with a median AQI of 40.
Temperature
43°F Jan (6°C)
81°F Jul (27°C)
| Annual Average | 62.0°F |
| 15% above US avg |
| January Average | 43°F (6°C) |
| July Average | 81°F (27°C) |
Precipitation & Snow
| Annual Rainfall | 57.2 inches |
| 51% above US avg |
| Snowfall | 0.7 inches/yr |
Air Quality
| AQI Median | 40.0 |
| Rating | Good |
Geography
| Elevation | 51 ft (16 m) |
| Area | 3.2 sq mi (8.3 km²) |
| Population Density | 1,078/sq mi |
| Coordinates | 34.7379°N, 77.9906°W |
| County FIPS | 37061 |