Wallace, SD
Full City Profile · South Dakota · Day County County
Wallace, SD
At a Glance
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)
Is Wallace a Good Place to Live?
Economy & Jobs
Wallace residents earn a median household income of $53,750 , which is 28% below the national average of $75,149. Per capita income is $21,375. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 268 business establishments, including 25 restaurants.
Housing & Cost of Living
The median home value in Wallace is $85,600 , 70% below the national median of $281,900. Zillow estimates the typical home at $503,980. Median rent is $575/month, with 22.5% of renters spending more than 30% of income on housing. The cost of living index is 88.6 (100 = national average). The median home was built in 1938.
Education
17.8% of adults in Wallace hold a bachelor's degree or higher (47% below the national average). 93.3% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Wallace has an average annual temperature of 43°F (6°C). Winters average 12°F in January while summers reach 71°F in July. Annual precipitation totals 22.7 inches.