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CITY

Wallace

Indiana · 82 residents (2025 est.) · 0.143 sq mi
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The short version

Wallace has roughly average household income, with a median household income of $75,500. Population has grown 40% since 2000. 18% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $103,400. At a median age of 24.0, residents skew younger than the country as a whole.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 24.0
US median: 38.9
Less educated
18% 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

Total population
140
+40%since 2000
from 100 in 2000
1990 – 2025
Population density
979 / sq mi
+40%since 2000
from 699 / sq mi in 2000
US average: 281
Median age
24.0
−25%since 2000
from 32.0 in 2000
US average: 38.9

PEP 2025 EST:82 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
64881131371611990201020202024Wallace
2024140
1990201020202024
Section 02

Income & economy

Median household income
$75,500
+5%inflation adjusted, since 2000
from $39,583 in 2000
US average: $82,259
1990 – 2024
Per capita income
$29,041
+180%since 2000
from $10,386 in 2000
US average: $44,673
Households earning $100K+
52.5%
+25.2 ptssince 2009
from 27.3% in 2009
US average: 53.3%
Poverty rate
2.1%
−21.2 ptssince 2000
from 23.4% in 2000
US average: 12.5%
Income inequality (Gini)
0.398
−17%since 2010
from 0.479 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade28.4%
US avg: 9.9%
Finance & insurance24.3%
US avg: 5.9%
Professional, scientific, technical24.3%
US avg: 5.1%
Wholesale trade13.5%
US avg: 6.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Information0%
US avg: 10.8%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$103,400
+24%inflation adjusted, since 2000
from $45,700 in 2000
US average: $376,019
1990 – 2024
Owner-occupied
92.5%
+15.4 ptssince 2000
from 77.1% in 2000
7.5% rent
Vacancy rate
9.1%
+0.8 ptssince 2009
from 8.3% in 2009
US average: 10.0%
Owner cost-burdened
8.1%
+8.1 ptssince 2009
from 0.0% in 2009
US average: 22.9%
Renter cost-burdened
0.0%
−23.8 ptssince 2009
from 23.8% in 2009
US average: 47.4%
Afford Score
1.4
+19%since 2000
from 1.2 in 2000
1990 – 2024
Gentrification Score
92
RELATED:See current rent listings in Wallace on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic100%(100)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%
Diversity Score0%(0)
2024
White, non-Hispanic100%(140)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
Diversity Score
0
from 0 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
18.5%
+7.2 ptssince 2000
from 11.3% in 2000
US average: 35.6%
High school or higher
96.9%
+27.6 ptssince 2000
from 69.4% in 2000
US average: 89.6%
Graduate degree
4.6%
+4.6 ptssince 2000
from 0.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
46.3 min
+182%since 2000
from 16.4 min in 2000
US average: 26.5
Drive alone to work
83.3%
+1.0 ptssince 2009
from 82.4% in 2009
US average: 68.9%
Carpooled to work
11.1%
+11.1 ptssince 2009
from 0.0% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
4.2%
−1.7 ptssince 2009
from 5.9% in 2009
US average: 15.0%
Walked to work
1.4%
−10.4 ptssince 2009
from 11.8% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
5.0%
+5.0 ptssince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.3%
−4.2 ptssince 2011
from 5.6% in 2011
US average: 5.2%
Labor force participation
80.6%
+14.0 ptssince 2011
from 66.7% in 2011
US average: 63.5%
Self-employed
1.4%
+1.4 ptssince 2009
from 0.0% in 2009
US average: 13.1%
Management & professional
25.7%
−17.9 ptssince 2009
from 43.6% in 2009
US average: 42.5%
Section 08

People & community

Male
62.1%
+9.0 ptssince 2009
from 53.2% in 2009
Female
37.9%
−9.0 ptssince 2009
from 46.8% in 2009
Foreign born
0.0%
−5.1 ptssince 2009
from 5.1% in 2009
US average: 14.1%
Veterans
3.2%
−52.8 ptssince 2009
from 56.0% in 2009
US average: 6.2%
With a disability
26.4%
+18.4 ptssince 2012
from 8.0% in 2012
US average: 13.3%
Uninsured
10.0%
−66.3 ptssince 2013
from 76.3% in 2013
US average: 8.4%
Broadband at home
80.0%
+23.1 ptssince 2017
from 56.9% in 2017
US average: 91.0%
English only at home
100.0%
+3.6 ptssince 2016
from 96.4% in 2016
US average: 77.7%
Spanish at home
0.0%
−3.6 ptssince 2016
from 3.6% in 2016
US average: 13.6%
Drill deeper

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Compare Wallace to nearby cities

WALLACE VS
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Home value$134,000+30%
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WALLACE VS
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WALLACE VS
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WALLACE VS
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Home value$113,900+10%
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Frequently asked

How many people live in Wallace, Indiana?

Wallace, Indiana has about 140 residents according to the 2024 American Community Survey.

What is the median household income in Wallace, Indiana?

The typical household in Wallace, Indiana earns about $75,500 a year. Half of households make more than that, and half make less.

Is Wallace, Indiana expensive?

In Wallace, Indiana, the median home is worth about $103,400.

How educated are people in Wallace, Indiana?

About 18.5% of adults age 25 and over in Wallace, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Wallace, Indiana?

About 2.1% of people in Wallace, Indiana live below the federal poverty line.

Has Wallace, Indiana grown since 1990?

Yes, Wallace, Indiana has grown since 1990. The population has added about 57 residents, a change of about 69 percent over that period.

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

How we source and harmonize this data →