Wallace, FL

Census Place

2024 Population

4,202

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

40.3

12.3% 1-year increase

2024 Poverty Rate

5.66%

20.6% 1-year decrease

2024 Median Household Income

$116,496

1.11% 1-year growth

2024 Median Property Value

$400,700

Population & Diversity

Wallace, FL is home to a population of 4.2k people, from which 97.9% are citizens.

As of 2024, 6.88% of Wallace, FL residents were born outside of the country (289 people).

In 2024, there were 7.56 times more White (Non-Hispanic) residents (3.01k people) in Wallace, FL than any other race or ethnicity. There were 398 Two Races Including Other (Non-Hispanic) and 274 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.9%

2024 Citizenship

97.7%

2023 Citizenship

As of 2024, 97.9% of Wallace, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Wallace, FL was 97.7%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Wallace, FL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Wallace, FL

White (Non-Hispanic)
3.01k ± 681
Two Races Including Other (Non-Hispanic)
398 ± 299
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
274 ± 299

2.48%

Hispanic Population

104 people

2.48% of the people in Wallace, FL are hispanic (104 people).

The following chart shows the 8 races represented in Wallace, FL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

6.88%

2024 Foreign-Born Population

289 people

6.58%

2023 Foreign-Born Population

261 people

As of 2024, 6.88% of Wallace, FL residents (289 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Wallace, FL was 6.58%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Wallace, FL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
253 ± 130
Vietnam
136 ± 97
Gulf War (1990s)
97 ± 65

Wallace, FL has a large population of military personnel who served in Gulf War (2001-), 1.86 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Wallace, FL.

Economy

The economy of Wallace, FL employs 1.84k people. In 2024, the largest industries in Wallace, FL were Health Care & Social Assistance (361 people), Accommodation & Food Services (175 people), and Manufacturing (175 people), and the highest paying industries were Transportation & Warehousing ($245,163), Transportation & Warehousing, & Utilities ($201,000), and Other Services Except Public Administration ($121,625).

Employment

Occupations

1.84k

2024 Value

± 385

6.91%

1 Year growth

± 28.2%

From 2023 to 2024, employment in Wallace, FL grew at a rate of 6.91%, from 1.72k employees to 1.84k employees.

The most common job groups, by number of people living in Wallace, FL, are Sales & Related Occupations (275 people), Management Occupations (191 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (184 people). This chart illustrates the share breakdown of the primary jobs held by residents of Wallace, FL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.84k

2024 Value

± 385

6.91%

1 Year growth

± 28.2%

From 2023 to 2024, employment in Wallace, FL grew at a rate of 6.91%, from 1.72k employees to 1.84k employees.

The most common employment sectors for those who live in Wallace, FL, are Health Care & Social Assistance (361 people), Accommodation & Food Services (175 people), and Manufacturing (175 people). This chart shows the share breakdown of the primary industries for residents of Wallace, FL, though some of these residents may live in Wallace, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$73,172

Median earning men ± $14,769

$53,324

Median earning women ± $5,964

The industries with the best median earnings for men in 2024 are Transportation & Warehousing, & Utilities ($201,000), Professional, Scientific, & Management, & Administrative & Waste Management Services ($95,551), and Retail Trade ($93,750).

The industries with the best median earnings for women in 2024 are Other Services Except Public Administration ($171,250), Public Administration ($90,238), and Educational Services, & Health Care & Social Assistance ($55,938).

Housing & Living

The median property value in Wallace, FL was $400,700 in 2024, which is 1.2 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $377,600 to $400,700, a 6.12% increase. The homeownership rate in Wallace, FL is 92.4%, which is higher than the national average of 65.2%.

People in Wallace, FL have an average commute time of 43.6 minutes, and they drove alone to work. Car ownership in Wallace, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$400,700

Median Property Value 2024

±$53,631

$1,385

Median Property Taxes

±$307

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Wallace, FL the largest share of households pay taxes in the $2k - $3k range.

The chart underneath the paragraph shows the property taxes in Wallace, FL compared to it's parent and neighbor geographies.

Rent vs Own

92.4%

Homeownership

2024

64.2%

Homeowners with Mortgage

2024

In 2024, 92.4% of the housing units in Wallace, FL were occupied by their owner. This percentage declined from the previous year's rate of 93.9%.

This chart shows the percentage of owner in Wallace, FL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$116,496

Median Household Income

± $17,454

1.5k

Number of Households

± 321

In 2024, the median household income of the 1.5k households in Wallace, FL grew to $116,496 from the previous year's value of $115,216.

The following chart displays the households in Wallace, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $100k - $125k range.

Wage Distribution

The closest comparable wage GINI for Wallace, FL is from Florida.

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (81.5%)
Worked At Home (15%)
Other (2.3%)

In 2024, 81.5% of workers in Wallace, FL drove alone to work, followed by those who worked at home (15%) and those who used some unspecified means to get work (2.3%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

43.6 minutes

Average Travel Time

Using averages, employees in Wallace, FL have a longer commute time (43.6 minutes) than the normal US worker (26.4 minutes). Additionally, 11.9% of the workforce in Wallace, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Wallace, FL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Wallace, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Wallace, FL have 2 cars.

Poverty

Poverty & Diversity

5.66% of the population for whom poverty status is determined in Wallace, FL (238 out of 4.2k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 6 - 11, followed by Males 45 - 54 and then Males 65 - 74.

The most common racial or ethnic group living below the poverty line in Wallace, FL is Two Or More, followed by White and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Keep Exploring