Wallace, NE
Full City Profile · Nebraska · Hayes County County
4.2
/5.0
A
Great
272
Population
383/sq mi density
$55,625
Median Income
$33,260 per capita
$101,500
Home Value
$132,832 Zillow
$725
Median Rent
35.8% income on rent
49°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
A
Economy
4.1 / 5.0
$55,625 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$101,500 home value, $725/mo rent
B+
Education
3.6 / 5.0
32.9% bachelor's degree or higher
Wallace experiences four distinct seasons with an average annual temperature of 49°F (9°C). Winters average 26°F in January while summers reach 75°F in July. Annual precipitation totals 21.4 inches. The area receives 22.0 inches of snow annually.
Temperature
26°F Jan (-3°C)
75°F Jul (24°C)
| Annual Average | 49.3°F |
| 9% below US avg | |
| January Average | 26°F (-3°C) |
| July Average | 75°F (24°C) |
Geography
| Elevation | 3,111 ft (948 m) |
| Area | 0.7 sq mi (1.8 km²) |
| Population Density | 383/sq mi |
| Coordinates | 40.8376°N, 101.1645°W |
| Timezone | America/Chicago |
| County | Hayes County County |
| Nearest Airport | North Platte Regional/Lee Bird Field (LBF) 32 miles away |
Precipitation & Snow
Air Quality
Natural Hazard Risk
| Overall Risk | Very Low |
| Risk Score | 1.2 / 100 |
| Social Vulnerability | 19.3 / 100 |
| Community Resilience | 7.5 / 100 |
Hazard Breakdown
| Tornado | Very Low |
| Earthquake | Very Low |
| Wildfire | Very Low |
| Flood | Very Low |
| Hail | Relatively Low |
| Strong Wind | Relatively Low |
| Heat Wave | Very Low |
| Winter Weather | Very Low |
| Lightning | Very Low |
| Ice Storm | Very Low |
| Drought | Relatively Low |
| Cold Wave | Very Low |
| Landslide | Very Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Monthly Weather
| Month | Avg Temperature | Precipitation | Summary |
|---|---|---|---|
| January | 26°F (-3°C) | 0.3 in | Coldest, Driest |
| February | 29°F (-2°C) | 0.6 in | |
| March | 38°F (3°C) | 0.9 in | |
| April | 47°F (8°C) | 2.2 in | |
| May | 58°F (14°C) | 3.5 in | |
| June | 69°F (21°C) | 3.8 in | Wettest |
| July | 75°F (24°C) | 3.2 in | Warmest |
| August | 72°F (22°C) | 2.7 in | |
| September | 63°F (17°C) | 1.6 in | |
| October | 50°F (10°C) | 1.7 in | |
| November | 37°F (3°C) | 0.5 in | |
| December | 28°F (-2°C) | 0.5 in |
Wallace has a seasonal temperature swing of 48°F / from 26°F in January to 75°F in July. Total annual precipitation is 21.4 inches, with June being the wettest month (3.8") and January the driest (0.3").