Population 354 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Wallace
Household size in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 2.30 | 2.57 | 2.68 |
| 2010–14 | 2.42 | 2.59 | 2.73 |
| 2015–19 | 2.47 | 2.57 | 2.71 |
| 2020–24 | 2.24 | 2.54 | 2.65 |
| Change | −0.06 | −0.03 | −0.03 |
Households in Wallace are small: just 2.24 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 47.6 | 37.5 | 37.7 |
| 2010–14 | 46.5 | 38.4 | 38.6 |
| 2015–19 | 40.2 | 39.1 | 39.6 |
| 2020–24 | 45.6 | 39.3 | 40.1 |
| Change | −2.0 | +1.7 | +2.3 |
Wallace skews older: half of its residents are older than 45.6, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families. The median age has dropped from 47.6 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.2% | 11.8% | 12.3% |
| 2010–14 | 12.4% | 12.0% | 12.3% |
| 2015–19 | 8.3% | 11.6% | 11.6% |
| 2020–24 | 8.5% | 11.7% | 11.6% |
| Change | +1.3 pts | −0.1 pts | −0.6 pts |
Single-parent households are relatively rare in Wallace: 8.5% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Wallace
Renters in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 6.7% | 28.5% | 33.3% |
| 2010–14 | 11.9% | 30.5% | 35.6% |
| 2015–19 | 15.4% | 30.9% | 36.0% |
| 2020–24 | 33.5% | 29.4% | 34.8% |
| Change | +26.8 pts | +1.0 pts | +1.5 pts |
Renting in Wallace is about as common as it is nationally: 33.5% of households rent, against 34.8%. Renters make up a bigger share here than in Indiana overall (29.4%). Among homeowners, 53.4% have no mortgage at all, well above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 8.1% | 11.2% | 11.4% |
| 2010–14 | 10.1% | 11.2% | 11.4% |
| 2015–19 | 16.0% | 10.9% | 11.1% |
| 2020–24 | 23.8% | 9.3% | 9.6% |
| Change | +15.8 pts | −2.0 pts | −1.8 pts |
Vacancy is high in Wallace: 23.8% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 1959 | 1972 | 1974 |
| 2010–14 | 1967 | 1973 | 1975 |
| 2015–19 | 1963 | 1974 | 1977 |
| 2020–24 | 1976 | 1977 | 1980 |
| Change | +17 | +5 | +6 |
The typical home in Wallace was built around 1976, about the same vintage as the country's housing overall (1980).
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | $587 | $763 | $965 |
| 2010–14 | $586 | $819 | $1,040 |
| 2015–19 | $763 | $903 | $1,213 |
| 2020–24 | $839 | $1,146 | $1,571 |
| Change | +$252 | +$384 | +$606 |
Rent in Wallace runs $839 a month at the median, utilities included, well below the U.S. median of $1,571. Rent takes 25.0% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Wallace
Bachelor's degrees in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.4% | 23.8% | 28.4% |
| 2010–14 | 16.9% | 24.6% | 29.6% |
| 2015–19 | 24.5% | 27.1% | 32.1% |
| 2020–24 | 29.5% | 30.0% | 35.6% |
| Change | +22.2 pts | +6.2 pts | +7.2 pts |
College degrees are a little less common in Wallace than nationally: 29.5% of adults 25 and older have a bachelor's or higher, against 35.6%. That is in line with the rest of Indiana.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 87.4% | 86.5% | 84.9% |
| 2010–14 | 94.6% | 87.7% | 86.1% |
| 2015–19 | 88.8% | 88.7% | 87.7% |
| 2020–24 | 95.2% | 89.9% | 89.3% |
| Change | +7.9 pts | +3.4 pts | +4.3 pts |
High school completion is high in Wallace: 95.2% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Wallace
| Period | Wallace | Indiana | U.S. |
|---|---|---|---|
| 2006–10 | 7.3% | 8.4% | 8.1% |
| 2010–14 | 7.0% | 8.9% | 9.4% |
| 2015–19 | 1.8% | 4.9% | 5.6% |
| 2020–24 | 8.0% | 4.3% | 5.4% |
| Change | +0.7 pts | −4.1 pts | −2.7 pts |
Unemployment in Wallace runs well above the national rate: 8.0% of the labor force was out of work and looking, against 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Wallace compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Wallace | 2.24 | 45.6 | 8.5% | 33.5% | 23.8% | 1976 | $839 | 29.5% | 95.2% | 8.0% |
| Centennial | 2.26 | 42.9 | 7.6% | 35.1% | 21.2% | 1973 | $845 | 33.3% | 96.8% | 9.5% |
| Alamo | 2.43 | 48.7 | 9.5% | 4.9% | 10.2% | 1978 | $687 | 23.0% | 89.8% | 2.3% |
| Harveysburg | 2.10 | 48.1 | 14.4% | 39.0% | 7.0% | 1980 | $790 | 9.4% | 87.1% | 2.5% |
| Hillsboro | 2.69 | 32.5 | 14.9% | 15.8% | 5.3% | 1957 | $978 | 19.2% | 91.5% | 1.3% |
| Sylvania | 2.20 | 51.0 | 10.7% | 12.8% | 27.9% | 1985 | $813 | 12.8% | 90.4% | 0.0% |
| Kingman | 2.11 | 48.2 | 11.8% | 32.5% | 10.5% | 1979 | $808 | 11.7% | 89.7% | 2.5% |
| Deer Mill | 2.47 | 44.6 | 5.7% | 3.2% | 9.5% | 1965 | $728 | 28.2% | 96.3% | 0.4% |
| Waveland | 2.39 | 49.4 | 6.6% | 7.3% | 16.7% | 1958 | $767 | 11.2% | 90.4% | 0.6% |
| Marshall | 2.45 | 45.2 | 12.3% | 12.9% | 21.3% | 1979 | $871 | 13.2% | 85.2% | 2.8% |
| Waynetown | 2.60 | 36.3 | 16.3% | 16.6% | 10.0% | 1963 | $982 | 18.3% | 87.0% | 4.6% |
All figures 2020–24.
Cities with similar populations: Lawrenceburg, MO · Stevensville, VT · State Line, LA · Starks, WI · Starbrick, PA · Star Mills, KY · St. Marks, KS · St. Lewis, NC · Lower Dennysville, ME · Lowell, NE
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Wallace. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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