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The total population of Wallace is estimated to be 3,443 with 1,487 males (43.19%) and 1,956 females (56.81%). There are 469 more females than males in Wallace.
The median household income in Wallace was $44,236 in 2021, which marked an a decrease of 1,821(3.95%) from $46,057 in 2020. This income is 59.29% 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 $47,188. Overall, the median household income for the town of Wallace stands at $44,236.
In Wallace, the median income for all workers aged 15 years and older, regardless of work hours, was $34,399 for males and $23,790 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,179 for males and $39,780 for females.
In Wallace, there are just two different racial groups among households. Among these, White households report a median household income of $47,436, while Black or African American households have a median household income of $40,643.
In 2022, the population of Wallace was 3,440, a 0.53% increase year-by-year from 2021. Previously, in 2021, Wallace's population was 3,422, an increase of 0.26% compared to a population of 3,413 in 2020.
The median age in Wallace, NC is 45.1, as per 2021 ACS 5-Year Estimates. Of the total population, 21.70% were under the age of 15, 11.61% aged 15 to 29, 45.84% aged 30 to 64, 18.55% aged 65 to 84, and 2.29% were 85 years of age and older.
Racial distribution of Wallace population: 67.01% are White, 22.55% are Black or African American, 2.26% are American Indian and Alaska Native, 0.91% are some other race and 7.26% are multiracial.