Wallace, Florida Population 2024

4,673

Wallace is a city located in Santa Rosa County Florida. Wallace has a 2024 population of 4,673. Wallace is currently growing at a rate of 12.28% annually and its population has increased by 77.61% since the most recent census, which recorded a population of 2,631 in 2020.

The average household income in Wallace is $132,128 with a poverty rate of 6.54%. The median age in Wallace is 36.9 years: 40.3 years for males, and 33.8 years for females.

Wallace Demographics

According to the most recent ACS, the racial composition of Wallace was:

  • White: 69.77%
  • Two or more races: 17.61%
  • Asian: 10.84%
  • Black or African American: 1.42%
  • Other race: 0.36%
  • Native American: 0%
  • Native Hawaiian or Pacific Islander: 0%
State
Florida
Land Area (mi²)
11.8 sq mi
Density (mi²)
397.20/sq mi
Growth Since 2020
77.61% (2,042)
The current population of Wallace, Florida is 4,673 based on our projections of the latest US Census estimates (released May 2024). The last official US Census in 2020 recorded the population at 2,631.

Population by Race

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Race
Population
Percentage (of total)
White2,54869.77%
Two or more races64317.61%
Asian39610.84%
Black or African American521.42%
Other race130.36%
Native American00%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Asian

Black or African American

Other race

Native American

Native Hawaiian or Pacific Islander

Wallace Population by Race

Wallace Population Pyramid 2024

Wallace Median Age

36.9

Total

40.3

Male

33.8

Female

Wallace Adults

There are 2,740 adults, (651 of whom are seniors) in Wallace.

Wallace Age Dependency

74.8

Age Dependency Ratio

31.2

Old Age Dependency Ratio

43.7

Child Dependency Ratio

Wallace Sex Ratio

Female1,73447.48%
Male1,91852.52%

Wallace Population by Age

Wallace Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All1,2232.9699.10.9
Married9323.4199.80.2
Non Family2231.16964
Male612.691000
Female73.711000

3.37

Average Family Size

2.96

Average Household Size

99.1%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Wallace Households and Families

Male

Female

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Education Attained
Count
Percentage
9th to 12th Grade30.12%
Associates Degree30812.48%
Bachelors Degree73529.79%
Graduate Degree31512.77%
High School Graduate52321.2%
Less Than 9th Grade00%
Some College58323.63%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Wallace Educational Attainment by Sex (over 25)

Wallace Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White1,8871,884701
2+ Races279279180
Asian255255135
Black464634
Hispanic27275

The highest rate of high school graduation is among black people with a rate of 100%.

The highest rate of bachelors degrees is among black people with a rate of 73.91%.

Wallace Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Bachelors Degree$51,250$80,149$49,070
Graduate Degree$96,048$134,167$75,776
High School Graduate$63,159$63,909$31,723
Less Than 9th Grade$0$0$0
Overall$58,287$67,593$47,306
Some College$54,047$59,167$45,409

$58,287

Average Earnings

$67,593

Average Male

$47,306

Average Female

Wallace Earnings by Educational Attainment

Wallace Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Wallace Language

86.12% of Wallace residents speak only English, while 13.88% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 11.74% of the population.

Wallace Language

Wallace Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
Multiple64313420.84%
White2,548903.53%
Black521528.85%

6.54%

Overall Poverty Rate

5.89%

Male Poverty Rate

7.27%

Female Poverty Rate

Poverty in Wallace

The race most likely to be in poverty in Wallace is Black, with 28.85% below the poverty level.

The race least likely to be in poverty in Wallace is White, with 3.53% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 4.35%, and for those that did not work, the poverty rate was 12.19%.

Wallace Poverty

rate

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Rate
Poverty
Less Than 9th Grade100%
Bachelors or Greater6.95%
High School5.74%
Some College4.38%

Wallace Poverty Rate by Education

rate

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Rate
Poverty
Male Employed2.5%
Male Unemployed0%
Female Employed0%
Female Unemployed0%

Wallace Poverty Rate by Employment Status and Sex

Wallace Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Families$120,227$144,751
Households$113,221$132,128
Married Families$121,455$-999,999,999
Non Families$80,179$75,523

mean

median

Income by Household Type

Wallace Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

74.2%

Overall Marriage Rate

71.4%

Male Marriage Rate

77.6%

Female Marriage Rate

Wallace Married by Age and Sex

male

female

Wallace Marriage

The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 35-44.

Wallace Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Wallace Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

419

Number of Veterans

397

Male Veterans

22

Female Veterans

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War
Veterans
First Gulf War188
Second Gulf War181
Vietnam179
Korea20
World War II0

Wallace Veterans by War

count

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Age Group
Veterans
35 to 54126
55 to 64125
75+83
65 to 7474
18 to 3411

Wallace Veterans by Age

count

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Name
Veterans
% of Total
White30014.96%
2+ Races9423.56%
Black2548.08%
Hispanic1947.5%

Wallace Veterans by Race

Wallace Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

5.73%

Veteran Poverty Rate

37.95%

Veteran Disability Rate

Wallace Veterans by Education

LaborForceParticipation

62.4%

Labor Force Participation

61.9%

Employment Rate

0%

Unemployment Rate

Wallace Employment by Age

LaborForceParticipation

Wallace Employment by Race

LaborForceParticipation

Wallace Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

49.78%

Born in Wallace

92.99%

Native Born

7.01%

Foreign Born

2.88%

Non Citizen

4.13%

Naturalized

Place of Birth

92.99% of Wallace residents were born in the United States, with 49.78% having been born in Florida. 2.88% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Wallace Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
20244,67351112.28%
20234,16251013.96%
20223,65265521.86%
20212,99736613.91%
20202,6311646.65%
20192,46746223.04%
20182,005-86-4.11%
20172,09141624.84%
20161,67517311.52%
20151,502140.94%
20141,488-155-9.43%
20131,643342.11%
20121,609-21-1.29%
20111,630-155-8.68%
20101,78500%

Wallace Population by Year