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CITY

Wallace

Nebraska · 299 residents (2025 est.) · 0.711 sq mi
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The short version

Wallace has lower-than-average household income, with a median household income of $63,125. Population has fallen 19% since 2000, a loss of 63 residents. Median home value has more than doubled since 2000, reaching $107,900. With a median age of 56.6, the population is older than the US median of 38.9. Poverty is rare here, at 3.0% of residents.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 56.6
US median: 38.9
Average education
32% 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
266
−19%since 2000
from 329 in 2000
1990 – 2025
Population density
374 / sq mi
−19%since 2000
from 463 / sq mi in 2000
US average: 281
Median age
56.6
+35%since 2000
from 41.9 in 2000
US average: 38.9

PEP 2025 EST:299 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2212713213714211990201020202024Wallace
2024266
1990201020202024
Section 02

Income & economy

Median household income
$63,125
−6%inflation adjusted, since 2000
from $36,771 in 2000
US average: $82,259
1990 – 2024
Per capita income
$33,958
+54%since 2000
from $22,033 in 2000
US average: $44,673
Households earning $100K+
33.1%
+12.4 ptssince 2009
from 20.7% in 2009
US average: 53.3%
Poverty rate
3.0%
−6.5 ptssince 2000
from 9.5% in 2000
US average: 12.5%
Income inequality (Gini)
0.364
+13%since 2010
from 0.323 in 2010
US average: 0.476
Workforce by industry, 2024
Agriculture, forestry, fishing15.1%
US avg: 1.6%
Construction15.1%
US avg: 1.2%
Information12.3%
US avg: 10.8%
Other services12.3%
US avg: 6.7%
Wholesale trade9.4%
US avg: 6.9%
Finance & insurance7.5%
US avg: 5.9%
Transportation & warehousing5.7%
US avg: 2.2%
Professional, scientific, technical5.7%
US avg: 5.1%
Public administration2.8%
US avg: 4.8%
Education & health services1.9%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
Retail trade0%
US avg: 9.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$107,900
+18%inflation adjusted, since 2000
from $50,300 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$732
−2%inflation adjusted, since 2000
from $408 in 2000
US average: $1,442
Owner-occupied
82.2%
+1.6 ptssince 2000
from 80.6% in 2000
17.8% rent
Vacancy rate
16.3%
+1.5 ptssince 2009
from 14.8% in 2009
US average: 10.0%
Owner cost-burdened
20.6%
+2.3 ptssince 2009
from 18.3% in 2009
US average: 22.9%
Renter cost-burdened
28.6%
+17.7 ptssince 2009
from 10.9% in 2009
US average: 47.4%
Afford Score
1.7
+25%since 2000
from 1.4 in 2000
1990 – 2024
Gentrification Score
50
RELATED:See current rent listings in Wallace on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic99.1%(326)
Black0%(0)
Hispanic / Latino0.6%(2)
Asian0%(0)
Other0%
Diversity Score1.5%(5)
2024
White, non-Hispanic90.6%(241)
Black0%(0)
Hispanic / Latino8.6%(23)
Asian0%(0)
Other0.8%(2)
Diversity Score21.5%(57)
Diversity Score
21
+1316%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
32.4%
+8.5 ptssince 2000
from 23.9% in 2000
US average: 35.6%
High school or higher
91.7%
+6.1 ptssince 2000
from 85.6% in 2000
US average: 89.6%
Graduate degree
4.6%
−1.5 ptssince 2000
from 6.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
15.5 min
+6%since 2000
from 14.6 min in 2000
US average: 26.5
Drive alone to work
81.7%
+17.2 ptssince 2009
from 64.5% in 2009
US average: 68.9%
Carpooled to work
8.7%
−7.9 ptssince 2009
from 16.6% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
5.8%
+1.6 ptssince 2009
from 4.1% in 2009
US average: 15.0%
Walked to work
3.8%
−10.9 ptssince 2009
from 14.8% 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
0.0%
−2.0 ptssince 2009
from 2.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.5%
+3.4 ptssince 2011
from 1.1% in 2011
US average: 5.2%
Labor force participation
48.3%
−13.3 ptssince 2011
from 61.6% in 2011
US average: 63.5%
Self-employed
21.7%
+6.5 ptssince 2009
from 15.2% in 2009
US average: 13.1%
Management & professional
42.5%
−12.5 ptssince 2009
from 55.0% in 2009
US average: 42.5%
Section 08

People & community

Male
49.6%
−4.3 ptssince 2009
from 54.0% in 2009
Female
50.4%
+4.3 ptssince 2009
from 46.0% in 2009
Foreign born
5.3%
−13.4 ptssince 2009
from 18.6% in 2009
US average: 14.1%
Veterans
11.3%
−47.5 ptssince 2009
from 58.8% in 2009
US average: 6.2%
With a disability
19.9%
+11.5 ptssince 2012
from 8.4% in 2012
US average: 13.3%
Uninsured
3.8%
−80.4 ptssince 2013
from 84.2% in 2013
US average: 8.4%
Broadband at home
78.0%
+11.6 ptssince 2017
from 66.4% in 2017
US average: 91.0%
English only at home
96.2%
+16.4 ptssince 2016
from 79.8% in 2016
US average: 77.7%
Spanish at home
3.8%
−16.4 ptssince 2016
from 20.2% in 2016
US average: 13.6%
Drill deeper

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Places similar to Wallace
Head to head

Compare Wallace to nearby cities

WALLACE VS
North Platte
Income$58,097−8%
Home value$169,100+57%
Population22,524+7433%
SEE FULL COMPARISON →
WALLACE VS
Lexington
Income$67,666+7%
Home value$159,100+47%
Population11,176+3638%
SEE FULL COMPARISON →
WALLACE VS
Hays
Income$58,459−7%
Home value$225,500+109%
Population21,258+7010%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wallace, Nebraska?

Wallace, Nebraska has about 266 residents according to the 2024 American Community Survey.

What is the median household income in Wallace, Nebraska?

The typical household in Wallace, Nebraska earns about $63,125 a year. Half of households make more than that, and half make less.

Is Wallace, Nebraska expensive?

In Wallace, Nebraska, the median home is worth about $107,900, and the typical rent is about $732 a month.

How educated are people in Wallace, Nebraska?

About 32.4% of adults age 25 and over in Wallace, Nebraska hold a bachelor's degree or higher.

What is the poverty rate in Wallace, Nebraska?

About 3.0% of people in Wallace, Nebraska live below the federal poverty line.

Has Wallace, Nebraska grown since 1990?

Yes, Wallace, Nebraska has shrunk since 1990. The population has lost about 44 residents, a change of about -14 percent over that period.

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

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