Wallace is a city located in Fountain County and Montgomery County Indiana. Wallace has a 2024 population of 79. Wallace is currently declining at a rate of 0% annually and its population has decreased by -2.47% since the most recent census, which recorded a population of 81 in 2020.
The average household income in Wallace is $80,260 with a poverty rate of 1.34%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Wallace is 23.7 years, 23.5 years for males, and 23.8 years for females.
According to the most recent ACS, the racial composition of Wallace was:
White
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Other race
Two or more races
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 42 | 3.55 | 97.6 | 2.4 |
| Married | 23 | 4.83 | 95.7 | 4.3 |
| Non Family | 11 | 0 | 100 | 0 |
| Female | 6 | 3.67 | 100 | 0 |
| Male | 2 | 2.5 | 100 | 0 |
4.19
Average Family Size
3.55
Average Household Size
97.6%
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 white people with a rate of 95.59%.
The highest rate of bachelors degrees is among white people with a rate of 11.76%.
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
100% of Wallace residents speak only English, while 0% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0% of the population.
rate
1.34%
Overall Poverty Rate
0%
Male Poverty Rate
2.67%
Female Poverty Rate
The race most likely to be in poverty in Wallace is White, with 1.34% below the poverty level.
The race least likely to be in poverty in Wallace is White, with 1.34% 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 0%, and for those that did not work, the poverty rate was 10%.
Married
Widowed
Divorced
Separated
NeverMarried
42.6%
Overall Marriage Rate
44.9%
Male Marriage Rate
40.7%
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
0%
Veteran Poverty Rate
100%
Veteran Disability Rate
LaborForceParticipation
79.6%
Labor Force Participation
78.7%
Employment Rate
1.2%
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
71.81%
Born in Wallace
100%
Native Born
0%
Foreign Born
0%
Non Citizen
0%
Naturalized
100% of Wallace residents were born in the United States, with 71.81% having been born in Indiana. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.