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CITY

Wallace

North Carolina · 3,570 residents (2025 est.) · 3.194 sq mi
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The short version

Wallace has notably lower household income than the US average, with a median household income of $51,250. Population has held roughly steady since 2000. 12% 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 $178,000. The poverty rate of 30.4% is well above the national figure. Households here earn about 29% less than the North Carolina median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 43.6
US median: 38.9
Less educated
12% hold a bachelor's degree
US average: 36%
Less affordable
home values up 27%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
3,457
+3%since 2000
from 3,344 in 2000
1990 – 2025
Population density
1,082 / sq mi
+3%since 2000
from 1,047 / sq mi in 2000
US average: 281
Median age
43.6
+14%since 2000
from 38.3 in 2000
US average: 38.9

PEP 2025 EST:3,570 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
3K3K3K4K4K1990201020202024Wallace
20243K
1990201020202024
Section 02

Income & economy

Median household income
$51,250
+11%inflation adjusted, since 2000
from $25,422 in 2000
US average: $82,259
1990 – 2024
Per capita income
$25,823
+80%since 2000
from $14,380 in 2000
US average: $44,673
Households earning $100K+
23.5%
−1.0 ptssince 2009
from 24.5% in 2009
US average: 53.3%
Poverty rate
30.4%
+7.1 ptssince 2000
from 23.3% in 2000
US average: 12.5%
Income inequality (Gini)
0.356
−19%since 2010
from 0.438 in 2010
US average: 0.476
Workforce by industry, 2024
Wholesale trade21.7%
US avg: 6.9%
Retail trade14.7%
US avg: 9.9%
Information14.2%
US avg: 10.8%
Finance & insurance8.2%
US avg: 5.9%
Professional, scientific, technical7.2%
US avg: 5.1%
Transportation & warehousing5.2%
US avg: 2.2%
Other services1.5%
US avg: 6.7%
Education & health services1%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Arts, entertainment, food0%
US avg: 1.9%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$178,000
+27%inflation adjusted, since 2000
from $76,800 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$881
+15%inflation adjusted, since 2000
from $419 in 2000
US average: $1,442
Owner-occupied
57.5%
−5.3 ptssince 2000
from 62.8% in 2000
42.5% rent
Vacancy rate
6.9%
−3.7 ptssince 2009
from 10.6% in 2009
US average: 10.0%
Owner cost-burdened
26.2%
+2.4 ptssince 2009
from 23.8% in 2009
US average: 22.9%
Renter cost-burdened
52.0%
−3.7 ptssince 2009
from 55.7% in 2009
US average: 47.4%
Afford Score
3.5
+15%since 2000
from 3.0 in 2000
1990 – 2024
Gentrification Score
47
RELATED:See current rent listings in Wallace on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic52.7%(1,763)
Black28.1%(941)
Hispanic / Latino18.2%(608)
Asian0.2%(8)
Other0%
Diversity Score75.5%(2,525)
2024
White, non-Hispanic41.1%(1,422)
Black27.2%(942)
Hispanic / Latino24.2%(836)
Asian0%(0)
Other7.4%(257)
Diversity Score86.6%(2,993)
Diversity Score
87
+15%since 2000
from 76 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
11.5%
+1.6 ptssince 2000
from 9.9% in 2000
US average: 35.6%
High school or higher
73.6%
+9.5 ptssince 2000
from 64.0% in 2000
US average: 89.6%
Graduate degree
4.0%
+0.8 ptssince 2000
from 3.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.4 min
+43%since 2000
from 12.9 min in 2000
US average: 26.5
Drive alone to work
79.9%
+7.4 ptssince 2009
from 72.5% in 2009
US average: 68.9%
Carpooled to work
10.8%
−15.2 ptssince 2009
from 25.9% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
7.1%
+7.1 ptssince 2009
from 0.0% in 2009
US average: 15.0%
Walked to work
2.2%
+0.7 ptssince 2009
from 1.6% 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
7.1%
−3.4 ptssince 2009
from 10.5% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
8.7%
−2.6 ptssince 2011
from 11.3% in 2011
US average: 5.2%
Labor force participation
57.8%
+1.2 ptssince 2011
from 56.6% in 2011
US average: 63.5%
Self-employed
21.6%
+3.6 ptssince 2009
from 18.0% in 2009
US average: 13.1%
Management & professional
15.8%
−37.1 ptssince 2009
from 52.9% in 2009
US average: 42.5%
Section 08

People & community

Male
36.8%
−17.4 ptssince 2009
from 54.3% in 2009
Female
63.2%
+17.4 ptssince 2009
from 45.7% in 2009
Foreign born
11.4%
−7.7 ptssince 2009
from 19.1% in 2009
US average: 14.1%
Veterans
12.3%
−43.8 ptssince 2009
from 56.1% in 2009
US average: 6.2%
With a disability
19.6%
+0.6 ptssince 2012
from 19.0% in 2012
US average: 13.3%
Uninsured
15.0%
−56.2 ptssince 2013
from 71.2% in 2013
US average: 8.4%
Broadband at home
86.7%
+29.1 ptssince 2017
from 57.6% in 2017
US average: 91.0%
English only at home
79.5%
−2.3 ptssince 2016
from 81.8% in 2016
US average: 77.7%
Spanish at home
20.3%
+2.7 ptssince 2016
from 17.6% in 2016
US average: 13.6%
Drill deeper

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WALLACE VS
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Frequently asked

How many people live in Wallace, North Carolina?

Wallace, North Carolina has about 3,457 residents according to the 2024 American Community Survey.

What is the median household income in Wallace, North Carolina?

The typical household in Wallace, North Carolina earns about $51,250 a year. Half of households make more than that, and half make less.

Is Wallace, North Carolina expensive?

In Wallace, North Carolina, the median home is worth about $178,000, and the typical rent is about $881 a month.

How educated are people in Wallace, North Carolina?

About 11.5% of adults age 25 and over in Wallace, North Carolina hold a bachelor's degree or higher.

What is the poverty rate in Wallace, North Carolina?

About 30.4% of people in Wallace, North Carolina live below the federal poverty line.

Has Wallace, North Carolina grown since 1990?

Yes, Wallace, North Carolina has grown since 1990. The population has added about 533 residents, a change of about 18 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 →