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The total population of Wallace is estimated to be 149 with 74 males (49.66%) and 75 females (50.34%). There are 1 more females than males in Wallace.
The median household income in Wallace was $64,686 in 2021, which marked an an increase of 2,160(3.45%) from $62,526 in 2020. This income is 86.70% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Wallace sees its highest median household income among householders in the age group of 25 to 44 years old, at $110,793. Overall, the median household income for the town of Wallace stands at $64,686.
In Wallace, the median income for all workers aged 15 years and older, regardless of work hours, was $43,236 for males and $26,347 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,164 for males and $52,694 for females.
In Wallace, population is primarily represented by White households, reporting a median income of $64,686.
In 2022, the population of Wallace was 80, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Wallace's population was 80, a decline of 1.23% compared to a population of 81 in 2020.
The median age in Wallace, IN is 24.0, as per 2021 ACS 5-Year Estimates. Of the total population, 24.84% were under the age of 15, 36.60% aged 15 to 29, 29.41% aged 30 to 64, 7.84% aged 65 to 84, and 1.31% were 85 years of age and older.
Racial distribution of Wallace population: 100% are White.