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CITY · 2020 ACS

Wallace

South Carolina · 843 residents · 6.575 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 $21,330. Population has grown 22% since 2019. 2% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2019, reaching $93,600. The poverty rate of 23.7% is well above the national figure. Households here earn about 61% less than the South Carolina median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 43.6
US median: 38.8
Less educated
2% hold a bachelor's degree
US average: 33%
Less affordable
home values up 101%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
843
+22%since 2019
from 689 in 2019
2010 – 2024
Population density
128 / sq mi
+22%since 2019
from 105 / sq mi in 2019
US average: 280
Median age
43.6
−14%since 2019
from 50.8 in 2019
US average: 38.8
Population, 2010 – 2024
634718803888972201020202024Wallace
2024665
201020202024
Section 02

Income & economy

Median household income
$21,330
−39%inflation adjusted, since 2019
from $34,609 in 2019
US average: $66,278
2010 – 2024
Per capita income
$18,927
Unchangedsince 2019
from $19,012 in 2019
US average: $35,364
Households earning $100K+
21.5%
−1.4 ptssince 2019
from 22.9% in 2019
US average: 43.9%
Poverty rate
23.7%
+2.7 ptssince 2019
from 21.0% in 2019
US average: 12.8%
Workforce by industry, 2020
Retail trade33.2%
US avg: 10%
Wholesale trade5.3%
US avg: 6.7%
Finance & insurance3.8%
US avg: 5.5%
Professional, scientific, technical3.8%
US avg: 4.7%
Other services2.3%
US avg: 6.6%
Public administration2.3%
US avg: 4.7%
Information0.4%
US avg: 11.1%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
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
$93,600
+101%inflation adjusted, since 2019
from $46,100 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
78.6%
−7.7 ptssince 2019
from 86.3% in 2019
21.4% rent
Afford Score
4.4
+229%since 2019
from 1.3 in 2019
2010 – 2024
RELATED:See current rent listings in Wallace on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic78.1%(538)
Black20.6%(142)
Hispanic / Latino0%(0)
Asian0%(0)
Other1.3%(9)
Diversity Score43.5%(299)
2020
White, non-Hispanic54.6%(460)
Black35.1%(296)
Hispanic / Latino0.9%(8)
Asian0.2%(2)
Other1.3%(11)
Diversity Score63%(531)
Diversity Score
63
+45%since 2019
from 43 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
2.0%
−0.5 ptssince 2019
from 2.5% in 2019
US average: 32.9%
High school or higher
71.6%
+8.3 ptssince 2019
from 63.3% in 2019
US average: 88.5%
Graduate degree
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
18.3 min
−4%since 2019
from 19.1 min in 2019
US average: 26.9
Drive alone to work
58.0%
−30.8 ptssince 2019
from 88.8% in 2019
US average: 75.1%
No vehicle available
15.8%
−8.0 ptssince 2019
from 23.8% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.0%
−3.6 ptssince 2019
from 3.6% in 2019
US average: 5.4%
Labor force participation
44.6%
+6.0 ptssince 2019
from 38.6% in 2019
US average: 63.4%
Management & professional
6.5%
−11.2 ptssince 2019
from 17.6% in 2019
US average: 39.3%
Section 08

People & community

Male
28.8%
−14.9 ptssince 2019
from 43.7% in 2019
Female
71.2%
+14.9 ptssince 2019
from 56.3% in 2019
Foreign born
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 13.5%
Uninsured
7.2%
−0.3 ptssince 2019
from 7.5% in 2019
US average: 8.8%
Drill deeper

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Frequently asked

How many people live in Wallace, South Carolina?

Wallace, South Carolina has about 843 residents according to the 2020 American Community Survey.

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

The typical household in Wallace, South Carolina earns about $21,330 a year. Half of households make more than that, and half make less.

Is Wallace, South Carolina expensive?

In Wallace, South Carolina, the median home is worth about $93,600.

How educated are people in Wallace, South Carolina?

About 2.0% of adults age 25 and over in Wallace, South Carolina hold a bachelor's degree or higher.

What is the poverty rate in Wallace, South Carolina?

About 23.7% of people in Wallace, South Carolina live below the federal poverty line.

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

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