Wallace

County:: Santa Rosa County
County Seat:: No
Area (mi²):: 11.764
State:: Florida

Wallace is a CDP located in Santa Rosa County, Florida. Wallace has a 2025 population of 4,119. Wallace is currently growing at a rate of 3.94% annually and its population has increased by 56.56% since the most recent census, which recorded a population of 2,631 in 2020.

The average household income in Wallace is $142,146 with a poverty rate of 7.14%. The median age in Wallace is 35.9 years: 40.1 years for males, and 33.5 years for females.

Demographics

The racial composition of Wallace includes 72.11% White, 7.19% Asian, and smaller percentages for Black or African American, other race, Native American, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Asian

Black or African American

Other race

Native American

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	2,859	72.11%
Two or more races	679	17.12%
Asian	285	7.19%
Black or African American	90	2.27%
Other race	49	1.24%
Native American	3	0.08%
Native Hawaiian or Pacific Islander	0	0%

Wallace Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Wallace's average per capita income is $59,924. Household income levels show a median of $115,216. The poverty rate stands at 7.14%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$119,936	-
Families	$118,985	$161,854
Households	$115,216	$142,146
Non Families	-	$57,696

$59,924

Average Income

$115,216

Median Household Income

7.14%

Poverty Rate