CensusEasy
CITY · 2020 ACS

Wallace

Florida · 3,868 residents · 11.764 sq mi
Time machine
COMPARE TO
Part of the Pensacola metro area
Compare
The short version

Wallace is wealthier than most US places, with a median household income of $82,149. The city has grown rapidly, with population up 57% since 2019. Median home value is $289,400. Households here earn about 42% more than the Florida median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 41.0
US median: 38.8
Average education
32% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
3,868
+57%since 2019
from 2,467 in 2019
2010 – 2024
Population density
329 / sq mi
+57%since 2019
from 210 / sq mi in 2019
US average: 280
Median age
41.0
−18%since 2019
from 50.0 in 2019
US average: 38.8
Population, 2010 – 2024
1K2K3K4K4K201020202024Wallace
20244K
201020202024
Section 02

Income & economy

Median household income
$82,149
−10%inflation adjusted, since 2019
from $90,139 in 2019
US average: $66,278
2010 – 2024
Per capita income
$35,350
−4%since 2019
from $36,913 in 2019
US average: $35,364
Households earning $100K+
61.2%
+4.6 ptssince 2019
from 56.6% in 2019
US average: 43.9%
Poverty rate
11.7%
−3.3 ptssince 2019
from 15.0% in 2019
US average: 12.8%
Workforce by industry, 2020
Retail trade16.9%
US avg: 10%
Other services12.7%
US avg: 6.6%
Transportation & warehousing12.3%
US avg: 2.5%
Public administration11%
US avg: 4.7%
Information8.3%
US avg: 11.1%
Finance & insurance1.7%
US avg: 5.5%
Professional, scientific, technical1.7%
US avg: 4.7%
Wholesale trade1.1%
US avg: 6.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$289,400
−2%inflation adjusted, since 2019
from $292,900 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
92.8%
−2.4 ptssince 2019
from 95.2% in 2019
7.2% rent
Afford Score
3.5
+8%since 2019
from 3.2 in 2019
2010 – 2024
RELATED:See current rent listings in Wallace on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic93.2%(2,300)
Black0%(0)
Hispanic / Latino3%(73)
Asian1.5%(36)
Other2.4%(58)
Diversity Score16.1%(398)
2020
White, non-Hispanic83.3%(3,222)
Black3.3%(127)
Hispanic / Latino5.7%(219)
Asian1.4%(56)
Other11.4%(441)
Diversity Score44.5%(1,721)
Diversity Score
44
+176%since 2019
from 16 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
32.2%
−3.5 ptssince 2019
from 35.7% in 2019
US average: 32.9%
High school or higher
96.8%
+2.3 ptssince 2019
from 94.5% in 2019
US average: 88.5%
Graduate degree
9.7%
−0.7 ptssince 2019
from 10.3% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
34.0 min
+12%since 2019
from 30.4 min in 2019
US average: 26.9
Drive alone to work
85.6%
+8.9 ptssince 2019
from 76.6% in 2019
US average: 75.1%
No vehicle available
0.0%
−1.5 ptssince 2019
from 1.5% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.2%
−0.4 ptssince 2019
from 2.7% in 2019
US average: 5.4%
Labor force participation
56.9%
−0.7 ptssince 2019
from 57.6% in 2019
US average: 63.4%
Management & professional
37.7%
−8.4 ptssince 2019
from 46.0% in 2019
US average: 39.3%
Section 08

People & community

Male
55.8%
+3.1 ptssince 2019
from 52.7% in 2019
Female
44.2%
−3.1 ptssince 2019
from 47.3% in 2019
Foreign born
1.2%
−0.4 ptssince 2019
from 1.6% in 2019
US average: 13.5%
Uninsured
5.1%
−4.3 ptssince 2019
from 9.4% in 2019
US average: 8.8%
Drill deeper

Places similar to Wallace

Rising Sun-Lebanon
Pop 4,163
Buckingham
Pop 4,311
Belleair
Pop 4,631
Big Pine Key
Pop 4,258
Places similar to Wallace
Head to head

Compare Wallace to nearby cities

WALLACE VS
Pace
Income$80,701−2%
Home value$293,800+2%
Population26,282+525%
SEE FULL COMPARISON →
WALLACE VS
Gonzalez
Income$82,062same
Home value$278,300−4%
Population14,458+244%
SEE FULL COMPARISON →
WALLACE VS
Milton
Income$76,301−7%
Home value$233,100−19%
Population11,440+172%
SEE FULL COMPARISON →
WALLACE VS
Ferry Pass
Income$61,689−25%
Home value$260,100−10%
Population30,053+615%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wallace, Florida?

Wallace, Florida has about 3,868 residents according to the 2020 American Community Survey.

What is the median household income in Wallace, Florida?

The typical household in Wallace, Florida earns about $82,149 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 $289,400.

How educated are people in Wallace, Florida?

About 32.2% 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 11.7% of people in Wallace, Florida live below the federal poverty line.

Keep going

Explore from here

Up the hierarchy
Florida
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Wallace with another place

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

How we source and harmonize this data →