United States › Florida › Wallace CITY
Wallace Florida · 4,202 residents · 11.8 sq mi
Time machine
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The short version
Wallace is a city of 4,202 people in Florida. Owners hold 92% of the housing stock. Households here earn about 56% more than in Florida as a whole. Few US cities rank higher on income. The average commute runs 44 minutes. About 45% of adults have finished a four-year degree.
At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 40.3
US median: 38.9
More educated
45% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth from 337 / sq mi in 2023
US average: 281
from 35.9 in 2023
US average: 38.9
Population, 2010 – 2024
1K 2K 3K 4K 4K 2010 2020 2024 Wallace Age distribution, 2024
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Section 02
Income & economy $116,496
−2%inflation adjusted, since 2023
from $115,216 in 2023
US average: $82,259
from $50,239 in 2023
US average: $44,673
Households earning $100K+
from 70.7% in 2023
US average: 53.3%
from 7.1% in 2023
US average: 12.5%
from 0.454 in 2023
US average: 0.476
Workforce by industry, 2024
Transportation & warehousing 6.3%
Public administration 3.9%
Professional, scientific, technical 2.3%
Education & health services 0.8%
Agriculture, forestry, fishing 0.8%
Arts, entertainment, food 0%
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$400,700
+3%inflation adjusted, since 2023
from $377,600 in 2023
US average: $376,019
$1,411
−2%inflation adjusted, since 2023
from $1,394 in 2023
US average: $1,442
from 93.9% in 2023
7.6% rent
from 0.0% in 2023
US average: 10.0%
from 2.92 people in 2023
US average: 2.54
from 13.6% in 2023
US average: 22.9%
from 32.9% in 2023
US average: 47.4%
from 3.3 in 2023
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
Section 04
Race & ethnicity 2023
White, non-Hispanic 71.9%(2,849)
Hispanic / Latino 1.5%(60)
2024
White, non-Hispanic 71.6%(3,008)
Hispanic / Latino 2.5%(104)
from 56 in 2023
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins
Detailed origins & ancestry Ancestry
+ 13 more ancestry groups with data from 48.6% in 2023
US average: 35.6%
High school or higher
from 99.7% in 2023
US average: 89.6%
from 14.8% in 2023
US average: 14.0%
Section 06
Commute & transportation from 42.3 min in 2023
US average: 26.5
from 80.8% in 2023
US average: 68.9%
from 4.1% in 2023
US average: 8.5%
from 0.0% in 2023
US average: 3.2%
from 12.2% in 2023
US average: 15.0%
from 0.8% in 2023
US average: 2.4%
from 0.0% in 2023
US average: 0.4%
from 0.0% in 2023
US average: 8.3%
Section 07
Work & employment from 0.1% in 2023
US average: 5.2%
from 59.1% in 2023
US average: 63.5%
Women 20-64 in the labor force
US average: 74.6%
from 12.7% in 2023
US average: 13.1%
from 48.5% in 2023
US average: 42.5%
Section 08
People & community from 6.6% in 2023
US average: 14.1%
from 18.0% in 2023
US average: 6.2%
from 18.9% in 2023
US average: 13.3%
from 5.1% in 2023
US average: 8.4%
from 96.2% in 2023
US average: 91.0%
Computer in household
US average: 95.5%
from 88.7% in 2023
US average: 77.7%
from 1.0% in 2023
US average: 13.6%
Marital status
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Section 09
Health coverage from 5.1% in 2023
US average: 8.4%
Direct-purchase
US average: 13.8%
VA health care
US average: 2.2%
Any private
US average: 67.1%
Any public
US average: 36.7%
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans Veterans by period of service, 2024
Gulf War (2001 or later) 44.9%(253)
Gulf War (1990s) 47.9%(270)
Share of the 564 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
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Drill deeper
Places similar to Wallace Head to head
Compare Wallace to nearby cities WALLACE VS
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Frequently asked
How many people live in Wallace, Florida? Wallace, Florida has about 4,202 residents according to the 2024 American Community Survey.
What is the median household income in Wallace, Florida? The typical household in Wallace, Florida earns about $116,496 a year. Half of households make more than that, and half make less.
Is Wallace, Florida expensive? In Wallace, Florida, the median home is worth about $400,700, and the typical rent is about $1,411 a month.
How educated are people in Wallace, Florida? About 44.9% of adults age 25 and over in Wallace, Florida hold a bachelor's degree or higher.
What is the poverty rate in Wallace, Florida? About 5.7% of people in Wallace, Florida live below the federal poverty line.
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