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 rental costs in recent years comes to - per month, and the median house value is -. The median age in Wallace is 36.9 years, 40.3 years for males, and 33.8 years for females.
According to the most recent ACS, the racial composition of Wallace was:
White
Two or more races
Asian
Black or African American
Other race
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 1,223 | 2.96 | 99.1 | 0.9 |
| Married | 932 | 3.41 | 99.8 | 0.2 |
| Non Family | 223 | 1.16 | 96 | 4 |
| Male | 61 | 2.69 | 100 | 0 |
| Female | 7 | 3.71 | 100 | 0 |
3.37
Average Family Size
2.96
Average Household Size
99.1%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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%.
All
Male
Female
$58,287
Average Earnings
$67,593
Average Male
$47,306
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
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.
rate
6.54%
Overall Poverty Rate
5.89%
Male Poverty Rate
7.27%
Female Poverty Rate
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%.
Married
Widowed
Divorced
Separated
NeverMarried
74.2%
Overall Marriage Rate
71.4%
Male Marriage Rate
77.6%
Female Marriage Rate
male
female
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.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
5.73%
Veteran Poverty Rate
37.95%
Veteran Disability Rate
LaborForceParticipation
62.4%
Labor Force Participation
61.9%
Employment Rate
0%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
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
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.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2024 | 4,673 | 511 | 12.28% |
| 2023 | 4,162 | 510 | 13.96% |
| 2022 | 3,652 | 655 | 21.86% |
| 2021 | 2,997 | 366 | 13.91% |
| 2020 | 2,631 | 164 | 6.65% |
| 2019 | 2,467 | 462 | 23.04% |
| 2018 | 2,005 | -86 | -4.11% |
| 2017 | 2,091 | 416 | 24.84% |
| 2016 | 1,675 | 173 | 11.52% |
| 2015 | 1,502 | 14 | 0.94% |
| 2014 | 1,488 | -155 | -9.43% |
| 2013 | 1,643 | 34 | 2.11% |
| 2012 | 1,609 | -21 | -1.29% |
| 2011 | 1,630 | -155 | -8.68% |
| 2010 | 1,785 | 0 | 0% |