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
median household income $116,496, above the US median
Wallace's population equals 2.1% of Santa Rosa County's. Its number of residents living in poverty equals 1.4% of the county's. Its number of foreign-born residents equals 3.0% of the county's.
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)
US avg: 26.4%
Gulf War (1990s)47.9%(270)
US avg: 24.3%
Vietnam era34%(192)
US avg: 33.1%
Korean War0%(0)
US avg: 4.5%
World War II0%(0)
US avg: 1%
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.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Wallace, decade by decade
Wallace population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
2010
1,785
$136,982
$335,619
35.6%
17.0
2020
3,868
$99,568
$350,764
32.2%
36.1
2024
4,202
$116,496
$400,700
44.9%
56.7
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
