As of 2026 the population of Wallace County is 1,478. The population is expected to shrink to 1,454 by 2031 - a growth rate of -0.33%.
The median age of Wallace County residents is 42.
The diversity index of Wallace County is 31.1, meaning that there is a 31% 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 $80,533 and projected to be $88,180 in 2031. Per capita income is $33,383, projected to be $37,024 in 2031. 2.17% of households – 32 – have an income of $200,000 or higher. Average net worth is $997,408 and the average disposable income is $62,171.
There are 734 housing units in Wallace County; 465 are owner-occupied, 145 are rented, and 124 are vacant. The average home value is $186,597, with 27 homes built in 2010 or later, and 195 built in 1939 or earlier.
There are 105 businesses in Wallace County, employing 465 workers and pulling from a labor force of 654 age 16 and above. 100 workers commute into Wallace County from outside the county or state. Key industries for the area include:
541 residents both live and work in/around Wallace County. The average travel time is 16.0 minutes. 21.44% people have a commute of less than 5 minutes while 2.4% commute 90 minutes or more each way. Of commuters, 520 drive alone, 47 carpool, and 0 take public transportation. 32 use other modes of transport such as motorcycle, bicycle, walking, etc. 55 residents work from home.
302 members of the workforce hold a high school diploma or GED. 158 have associates degrees, 206 have bachelor’s degrees, and 49 hold a graduate or professional degree.
Source: ESRI, 2026-09-09
