As of 2025 the population of Wallace County is 1,492. The population is expected to shrink to 1,476 by 2030 - a growth rate of -0.22%.
The median age of Wallace County residents is 43.
The diversity index of Wallace County is 29.1, 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 $74,927 and projected to be $79,906 in 2030. Per capita income is $30,913, projected to be $33,486 in 2030. 1.14% of households – 17 – have an income of $200,000 or higher. Average net worth is $501,998 and the average disposable income is $58,468.
There are 739 housing units in Wallace County; 465 are owner-occupied, 150 are rented, and 124 are vacant. The average home value is $179,973, with 30 homes built in 2010 or later, and 212 built in 1939 or earlier.
There are 111 businesses in Wallace County, employing 548 workers and pulling from a labor force of 699 age 16 and above. 108 workers commute into Wallace County from outside the county or state. Key industries for the area include:
576 residents both live and work in/around Wallace County. The average travel time is 15.4 minutes. 23.96% people have a commute of less than 5 minutes while 1.56% commute 90 minutes or more each way. Of commuters, 526 drive alone, 52 carpool, and 2 take public transportation. 59 use other modes of transport such as motorcycle, bicycle, walking, etc. 60 residents work from home.
315 members of the workforce hold a high school diploma or GED. 164 have associates degrees, 195 have bachelor’s degrees, and 44 hold a graduate or professional degree.
