What is the median household income in Wallace town?

The median household income in Wallace town is $49,358, according to the U.S. Census Bureau ACS 5-Year Estimates (2023).

What is the poverty rate in Wallace town?

The poverty rate in Wallace town is 14.1%, according to the U.S. Census Bureau ACS 5-Year Estimates (2023).

What is the median home value in Wallace town?

The median home value in Wallace town is $192,800, according to the U.S. Census Bureau ACS 5-Year Estimates (2023).

What is the average rent in Wallace town?

The median gross rent in Wallace town is $833 per month, according to the U.S. Census Bureau ACS 5-Year Estimates (2023).

What is the unemployment rate in Wallace town?

The unemployment rate in Wallace town is 6.2%, according to the U.S. Census Bureau ACS 5-Year Estimates (2023).

Wallace town, North Carolina

City

Population: 3,438 (2023 estimate)

Located in North Carolina , North Carolina

Census Bureau data for Wallace town from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Wallace town

What is the median household income in Wallace town?: The median household income in Wallace town is $49,358 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Wallace town?: The poverty rate in Wallace town is 14.1% (U.S. Census Bureau ACS 2023).
What is the median home value in Wallace town?: $192,800 (U.S. Census Bureau ACS 2023).
What is the average rent in Wallace town?: The median gross rent in Wallace town is $833 per month (U.S. Census Bureau ACS 2023).
What percentage of Wallace town residents have a college degree?: 14.6% of adults in Wallace town hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

3,438

Median Income

$49,358

Median Home Value

$192,800

Poverty Rate

14.1%

Unemployment (ACS 2023)

6.2%

Median Age

44.0 yrs

Since 2019 Median Income: +$14,037 (+39.7%) Home Value: +$87,400 (+82.9%) Poverty Rate: +8.3 pp (+143.1%) Bachelor's+: +1.5 pp (+11.5%) Unemployment: -3.6 pp (-36.7%)

Demographics

Total Population 3,438

Median Age 44.0

Female 58.5%

Race & Ethnicity

Hispanic or Latino 15.5% White (non-Hisp.) 50.0% Black 26.7% Two or More 12.2% Other 7.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $49,358 ±$12,793

-$20,546 vs. state

Per Capita Income $58,375

Median Family Income $66,185

Poverty Rate 14.1%

+4.7 pp vs. state

Child Poverty Rate 29.9%

Working-Age Poverty Rate —

SNAP Recipients 21.9%

Social Security Income —

Retirement Income 26.4%

Household Income Distribution

< $10k

2.7%

$10–15k

7.4%

$15–25k

12.1%

$25–35k

5.4%

$35–50k

24.1%

$50–75k

19.9%

$75–100k

13.2%

$100–150k

9.5%

$150–200k

4.1%

$200k+

1.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 1,859

Owner-Occupied 50.4%

Renter-Occupied 49.6%

Vacancy Rate 11.8%

Median Home Value $192,800

-$66,600 vs. state

Median Gross Rent $833

Owner Cost Burden (30%+) 32.3%

Renter Cost Burden (30%+) 20.4%

Home Value Distribution

< $50k

5.0%

$50–100k

21.8%

$100–200k

6.0%

$200–300k

33.3%

$300–500k

5.7%

$500k–$1M

9.3%

Gross Rent Distribution

< $500

22.9%

$500–1k

41.4%

$1–1.5k

35.8%

Vehicle Availability

No vehicle

5.8%

1 vehicle

35.4%

2 vehicles

47.9%

10.9%

Housing Type

Single-fam. det.

65.1%

Single-fam. att.

0.7%

2–4 units

17.0%

20+ units

0.9%

Mobile home

4.8%

Housing Age

Pre-1940

3.8%

1940–1969

5.4%

1970–1999

13.3%

2000–2009

2.5%

2010+

18.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 78.0%

Bachelor's or Higher 14.6%

-20.1 pp vs. state

Graduate Degree 4.9%

Some College / Associate 19.0%

Less Than High School 7.4%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 58.5%

Unemployment Rate 6.2%

+1.4 pp vs. state

Work from Home 1.1%

Self-Employed 5.6%

Government Workers 28.2%

Private For-Profit 66.2%

Industry

Edu/Health

37.9%

Manufacturing

15.5%

Construction

12.4%

Retail

10.2%

Transportation

7.5%

Public Admin

6.0%

Arts/Entmt.

2.4%

Prof. Services

1.6%

Finance

0.8%

Wholesale

0.8%

Occupation

Production

30.6%

Management

22.9%

Food Prep

21.1%

Construction

14.0%

Sales

11.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 20.2 min

Drove Alone 91.5%

Carpool 7.4%

Public Transit 0.0%

Work from Home 1.1%

Walked 0.0%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 1,640

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 45.2%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 21.3%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

1.6%

5–9

9.7%

10–14

9.0%

15–19

4.3%

20–24

3.2%

25–34

8.8%

35–44

15.0%

45–54

16.7%

55–64

8.6%

65–74

3.4%

75–84

9.6%

85+

8.2%

Under 18: 23.8% Working age (18–64): 76.2% 65 and over: 19.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 9.3%

Naturalized Citizen 19.1%

Speaks English Less Than Very Well 7.2%

Veterans & Disability

Veteran 11.0%

With a Disability 16.5%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 86.8%

Uninsured 13.2%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 81.3%

Has a Computer 84.6%

Same House 1 Year Ago 83.0%

Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured