CensusEasy
CITY · 2020 ACS

Wallace

North Carolina · 3,413 residents · 3.194 sq mi
Time machine
COMPARE TO
Compare
The short version

Wallace has notably lower household income than the US average, with a median household income of $40,645. Population has held roughly steady since 2000. 17% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $89,100. Households here earn about 28% less than the North Carolina median.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 40.5
US median: 38.8
Less educated
17% hold a bachelor's degree
US average: 33%
More affordable
home values down 23%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
3,413
+2%since 2000
from 3,344 in 2000
1990 – 2025
Population density
1,069 / sq mi
+2%since 2000
from 1,047 / sq mi in 2000
US average: 280
Median age
40.5
+6%since 2000
from 38.3 in 2000
US average: 38.8
Population, 1990 – 2024
3K3K3K4K4K1990201020202024Wallace
20243K
1990201020202024
Section 02

Income & economy

Median household income
$40,645
+6%inflation adjusted, since 2000
from $25,422 in 2000
US average: $66,278
1990 – 2024
Per capita income
$22,280
+55%since 2000
from $14,380 in 2000
US average: $35,364
Households earning $100K+
21.8%
−2.7 ptssince 2009
from 24.5% in 2009
US average: 43.9%
Poverty rate
8.1%
−15.3 ptssince 2000
from 23.3% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade26.1%
US avg: 10%
Wholesale trade8.5%
US avg: 6.7%
Finance & insurance4.2%
US avg: 5.5%
Professional, scientific, technical4.2%
US avg: 4.7%
Information4%
US avg: 11.1%
Transportation & warehousing2.8%
US avg: 2.5%
Other services1.9%
US avg: 6.6%
Public administration1.9%
US avg: 4.7%
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
$89,100
−23%inflation adjusted, since 2000
from $76,800 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$334
−47%inflation adjusted, since 2000
from $419 in 2000
US average: $1,124
Owner-occupied
55.7%
−7.1 ptssince 2000
from 62.8% in 2000
44.3% rent
Afford Score
2.2
−27%since 2000
from 3.0 in 2000
1990 – 2024
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)
2020
White, non-Hispanic41.8%(1,426)
Black24.5%(835)
Hispanic / Latino30.5%(1,042)
Asian0.4%(14)
Other2.9%(98)
Diversity Score84%(2,866)
Diversity Score
84
+11%since 2000
from 76 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
17.1%
+7.2 ptssince 2000
from 9.9% in 2000
US average: 32.9%
High school or higher
74.1%
+10.1 ptssince 2000
from 64.0% in 2000
US average: 88.5%
Graduate degree
4.9%
+1.7 ptssince 2000
from 3.2% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
20.5 min
+59%since 2000
from 12.9 min in 2000
US average: 26.9
Drive alone to work
85.6%
+13.2 ptssince 2009
from 72.5% in 2009
US average: 75.1%
No vehicle available
0.0%
−10.5 ptssince 2009
from 10.5% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.5%
−4.8 ptssince 2011
from 11.3% in 2011
US average: 5.4%
Labor force participation
54.2%
−2.4 ptssince 2011
from 56.6% in 2011
US average: 63.4%
Management & professional
28.7%
−24.2 ptssince 2009
from 52.9% in 2009
US average: 39.3%
Section 08

People & community

Male
47.6%
−6.7 ptssince 2009
from 54.3% in 2009
Female
52.4%
+6.7 ptssince 2009
from 45.7% in 2009
Foreign born
12.3%
−6.8 ptssince 2009
from 19.1% in 2009
US average: 13.5%
Uninsured
10.8%
−60.4 ptssince 2013
from 71.2% in 2013
US average: 8.8%
Drill deeper

Places similar to Wallace

High Point
Pop 3,548
Jasper
Pop 3,444
Crystal River
Pop 3,618
Bushnell
Pop 3,157
Places similar to Wallace
Head to head

Compare Wallace to nearby cities

WALLACE VS
Clinton
Income$44,953+11%
Home value$212,000+138%
Population8,466+137%
SEE FULL COMPARISON →
WALLACE VS
Hampstead
Income$91,745+126%
Home value$402,100+351%
Population9,292+160%
SEE FULL COMPARISON →
WALLACE VS
Murraysville
Income$81,167+100%
Home value$320,700+260%
Population16,339+358%
SEE FULL COMPARISON →
WALLACE VS
Kings Grant
Income$62,232+53%
Home value$300,700+237%
Population9,003+152%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wallace, North Carolina?

Wallace, North Carolina has about 3,413 residents according to the 2020 American Community Survey.

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

The typical household in Wallace, North Carolina earns about $40,645 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 $89,100, and the typical rent is about $334 a month.

How educated are people in Wallace, North Carolina?

About 17.1% 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 8.1% 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 489 residents, a change of about 17 percent over that period.

Keep going

Explore from here

Up the hierarchy
North Carolina
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 →