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CITY · 2020 ACS

Wallace

Indiana · 79 residents · 0.143 sq mi
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The short version

Wallace has lower-than-average household income, with a median household income of $55,179. Population has fallen 21% since 2000, a loss of 21 residents. 11% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $60,000. At a median age of 34.8, residents skew younger than the country as a whole.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 34.8
US median: 38.8
Less educated
11% hold a bachelor's degree
US average: 33%
More affordable
home values down 13%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

79
−21%since 2000
from 100 in 2000
1990 – 2025
552 / sq mi
−21%since 2000
from 699 / sq mi in 2000
US average: 280
34.8
+9%since 2000
from 32.0 in 2000
US average: 38.8
Population, 19902024
64881131371611990201020202024Wallace
2024140
1990201020202024
Section 02

Income & economy

$55,179
−7%inflation adjusted, since 2000
from $39,583 in 2000
US average: $66,278
1990 – 2024
$27,816
+168%since 2000
from $10,386 in 2000
US average: $35,364
Households earning $100K+
18.9%
−8.4 ptssince 2009
from 27.3% in 2009
US average: 43.9%
2.0%
−21.4 ptssince 2000
from 23.4% in 2000
US average: 12.8%
Workforce by industry, 2020
Information27.3%
US avg: 11.1%
Retail trade15.6%
US avg: 10%
Finance & insurance7.8%
US avg: 5.5%
Professional, scientific, technical7.8%
US avg: 4.7%
Agriculture, forestry, fishing3.9%
US avg: 1.7%
Construction3.9%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 6.7%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
Other services0%
US avg: 6.6%
Public administration0%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$60,000
−13%inflation adjusted, since 2000
from $45,700 in 2000
US average: $265,253
1990 – 2024
80.0%
+2.9 ptssince 2000
from 77.1% in 2000
20.0% rent
1.1
−6%since 2000
from 1.2 in 2000
1990 – 2024
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)
2020
White, non-Hispanic97.5%(77)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
0
from 0 in 2000
1990 – 2024
Section 05

Education

11.3%
Unchangedsince 2000
from 11.3% in 2000
US average: 32.9%
High school or higher
80.6%
+11.3 ptssince 2000
from 69.4% in 2000
US average: 88.5%
8.1%
+8.1 ptssince 2000
from 0.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

29.6 min
+81%since 2000
from 16.4 min in 2000
US average: 26.9
85.1%
+2.8 ptssince 2009
from 82.4% in 2009
US average: 75.1%
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

1.3%
−4.3 ptssince 2011
from 5.6% in 2011
US average: 5.4%
84.8%
+18.1 ptssince 2011
from 66.7% in 2011
US average: 63.4%
18.2%
−25.4 ptssince 2009
from 43.6% in 2009
US average: 39.3%
Section 08

People & community

43.6%
−9.6 ptssince 2009
from 53.2% in 2009
56.4%
+9.6 ptssince 2009
from 46.8% in 2009
0.0%
−5.1 ptssince 2009
from 5.1% in 2009
US average: 13.5%
15.8%
−60.5 ptssince 2013
from 76.3% in 2013
US average: 8.8%
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Frequently asked

How many people live in Wallace, Indiana?

Wallace, Indiana has about 79 residents according to the 2020 American Community Survey.

What is the median household income in Wallace, Indiana?

The typical household in Wallace, Indiana earns about $55,179 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 $60,000.

How educated are people in Wallace, Indiana?

About 11.3% 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 2.0% of people in Wallace, Indiana live below the federal poverty line.

Has Wallace, Indiana grown since 1990?

Yes, Wallace, Indiana has shrunk since 1990. The population has lost about 4 residents, a change of about -5 percent over that period.

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

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