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CITY · 2010 ACS

Wallace

Florida · 1,785 residents · 11.764 sq mi
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The short version

Wallace is significantly wealthier than the US average, with a median household income of $95,221. Population has held roughly steady since 2011. Median home value is $233,300. With a median age of 42.2, the population is older than the US median of 37.2. Households here earn about 100% more than the Florida median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 42.2
US median: 37.2
More educated
36% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
1,785
+10%vs 2011
vs 1,630 in 2011
2010 – 2024
Population density
152 / sq mi
+10%vs 2011
vs 139 / sq mi in 2011
US average: 261
Median age
42.2
−17%vs 2011
vs 50.6 in 2011
US average: 37.2
Population, 2010 – 2024
1K2K3K4K4K201020202024Wallace
20244K
201020202024
Section 02

Income & economy

Median household income
$95,221
+2%inflation adjusted, since 2011
vs $95,909 in 2011
US average: $52,703
2010 – 2024
Per capita income
$39,101
−13%vs 2011
vs $45,064 in 2011
US average: $27,286
Households earning $100K+
64.1%
+1.6 ptsvs 2011
vs 62.5% in 2011
US average: 33.3%
Poverty rate
12.2%
+7.5 ptsvs 2011
vs 4.7% in 2011
US average: 13.8%
Income inequality (Gini)
0.371
−4%vs 2011
vs 0.385 in 2011
US average: 0.461
Workforce by industry, 2010
Other services12.7%
US avg: 7%
Wholesale trade10.5%
US avg: 7.2%
Finance & insurance10.5%
US avg: 5.1%
Public administration8.8%
US avg: 4.9%
Transportation & warehousing8.4%
US avg: 3.1%
Information7.6%
US avg: 11.5%
Education & health services5.9%
US avg: 0.9%
Professional, scientific, technical4.5%
US avg: 4.2%
Retail trade2.4%
US avg: 10.9%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Arts, entertainment, food0%
US avg: 2.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$233,300
+1%inflation adjusted, since 2011
vs $237,700 in 2011
US average: $225,659
2010 – 2024
Owner-occupied
61.8%
−33.9 ptsvs 2011
vs 95.7% in 2011
7.6% rent
Vacancy rate
6.3%
−7.2 ptsvs 2011
vs 13.6% in 2011
US average: 12.1%
Owner cost-burdened
25.5%
+2.3 ptsvs 2011
vs 23.2% in 2011
US average: 30.9%
Renter cost-burdened
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 46.8%
Afford Score
2.5
−1%vs 2011
vs 2.5 in 2011
2010 – 2024
RELATED:See current rent listings in Wallace on RentDataNow
Section 04

Race & ethnicity

2011
White, non-Hispanic97.1%(1,583)
Black0.2%(3)
Hispanic / Latino2.2%(36)
Asian0%(0)
Other0.5%(8)
Diversity Score7%(115)
2010
White, non-Hispanic92.9%(1,659)
Black1.4%(25)
Hispanic / Latino1.3%(23)
Asian1%(17)
Other0.6%(11)
Diversity Score10.6%(189)
Diversity Score
11
+50%vs 2011
vs 7 in 2011
2010 – 2024
Section 05

Education

Bachelor's degree or higher
35.6%
−7.9 ptsvs 2011
vs 43.5% in 2011
US average: 27.9%
High school or higher
85.9%
−5.4 ptsvs 2011
vs 91.3% in 2011
US average: 84.9%
Graduate degree
16.9%
−4.5 ptsvs 2011
vs 21.4% in 2011
US average: 10.2%
Section 06

Commute & transportation

Average commute
22.9 min
+1%vs 2011
vs 22.7 min in 2011
US average: 25.2
Drive alone to work
80.2%
−2.6 ptsvs 2011
vs 82.8% in 2011
US average: 76.2%
Carpooled to work
8.8%
+3.0 ptsvs 2011
vs 5.9% in 2011
US average: 10.4%
Public transit
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.7%
Worked from home
9.5%
−0.2 ptsvs 2011
vs 9.7% in 2011
US average: 4.1%
Walked to work
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 2.8%
Biked to work
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 0.5%
No vehicle available
1.5%
Unchangedvs 2011
vs 1.6% in 2011
US average: 8.7%
Section 07

Work & employment

Self-employed
15.6%
Unchangedvs 2011
vs 15.7% in 2011
US average: 12.9%
Management & professional
27.5%
−7.5 ptsvs 2011
vs 35.0% in 2011
US average: 35.2%
Section 08

People & community

Male
55.6%
+0.9 ptsvs 2011
vs 54.7% in 2011
Female
44.4%
−0.9 ptsvs 2011
vs 45.3% in 2011
Foreign born
1.7%
+0.4 ptsvs 2011
vs 1.3% in 2011
US average: 12.8%
Veterans
20.3%
+1.4 ptsvs 2011
vs 18.9% in 2011
US average: 9.9%
Drill deeper

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Compare Wallace to nearby cities

WALLACE VS
Pace
Income$80,701−15%
Home value$293,800+26%
Population26,282+525%
SEE FULL COMPARISON →
WALLACE VS
Gonzalez
Income$82,062−14%
Home value$278,300+19%
Population14,458+244%
SEE FULL COMPARISON →
WALLACE VS
Milton
Income$76,301−20%
Home value$233,100same
Population11,440+172%
SEE FULL COMPARISON →
WALLACE VS
Ferry Pass
Income$61,689−35%
Home value$260,100+11%
Population30,053+615%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wallace, Florida?

Wallace, Florida has about 1,785 residents according to the 2010 American Community Survey.

What is the median household income in Wallace, Florida?

The typical household in Wallace, Florida earns about $95,221 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 $233,300.

How educated are people in Wallace, Florida?

About 35.6% 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 12.2% of people in Wallace, Florida live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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