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The total population of Wallace township is estimated to be 3,730 with 1,950 males (52.28%) and 1,780 females (47.72%). There are 170 less females than males in Wallace township.
The median household income in Wallace township was $143,845 in 2021, which marked an a decrease of 5,234(3.51%) from $149,079 in 2020. This income is 192.81% 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 township sees its highest median household income among householders in the age group of 25 to 44 years old, at $164,164. Overall, the median household income for the township of Wallace township stands at $143,845.
In Wallace township, the median income for all workers aged 15 years and older, regardless of work hours, was $67,122 for males and $41,601 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $122,954 for males and $74,111 for females.
In Wallace township, population is primarily represented by White households, reporting a median income of $147,697.
In 2022, the population of Wallace township was 3,768, a 0.43% increase year-by-year from 2021. Previously, in 2021, Wallace township's population was 3,752, an increase of 1.08% compared to a population of 3,712 in 2020.
The median age in Wallace Township, Pennsylvania is 40.3, as per 2021 ACS 5-Year Estimates. Of the total population, 24.18% were under the age of 15, 16.81% aged 15 to 29, 42.61% aged 30 to 64, 15.21% aged 65 to 84, and 1.19% were 85 years of age and older.
Racial distribution of Wallace township population: 88.34% are White, 5.83% are Black or African American, 3.01% are Asian and 2.82% are multiracial.