As of 2024 the population of Wallace County is 1,491. The population is expected to shrink to 1,472 by 2029 - a growth rate of -0.26%.
The median age of Wallace County residents is 42.
The diversity index of Wallace County is 28.8, meaning that there is a 29% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Wallace County is $76,895 and projected to be $86,305 in 2029. Per capita income is $31,329, projected to be $35,848 in 2029. 0.94% of households – 14 – have an income of $200,000 or higher. Average net worth is $620,685 and the average disposable income is $61,299.
There are 737 housing units in Wallace County; 468 are owner-occupied, 139 are rented, and 130 are vacant. The average home value is $173,878, with 33 homes built in 2010 or later, and 222 built in 1939 or earlier.
There are 118 businesses in Wallace County, employing 638 workers and pulling from a labor force of 701 age 16 and above. 80 workers commute into Wallace County from outside the county or state. Key industries for the area include:
599 residents both live and work in/around Wallace County. The average travel time is 13.1 minutes. 26.88% people have a commute of less than 5 minutes while 0% commute 90 minutes or more each way. Of commuters, 525 drive alone, 56 carpool, and 2 take public transportation. 57 use other modes of transport such as motorcycle, bicycle, walking, etc. 61 residents work from home.
290 members of the workforce hold a high school diploma or GED. 162 have associates degrees, 220 have bachelor’s degrees, and 52 hold a graduate or professional degree.
