Wallace is a city located in Shoshone County Idaho. It is also the county seat of Shoshone County. With a 2020 population of 788, it is the 103rd largest city in Idaho and the 11338th largest city in the United States . Wallace is currently growing at a rate of 0.38% annually and its population has increased by 0.51% since the most recent census, which recorded a population of 784 in 2010. Wallace reached it's highest population of 788 in 2021. Spanning over 1 miles, Wallace has a population density of 867 people per square mile.
The average household income in Wallace is $49,709 with a poverty rate of 17.86%. The median rental costs in recent years comes to $701 per month, and the median house value is $119,000. The median age in Wallace is 38.1 years, 40.3 years for males, and 36.6 years for females.