Living in Wallace, California
Cost of living, income, home prices, rent and demographics of Wallace · Census data 2020–2024
Wallace has 714 residents with a median age of 40.9. The median household income is $143,650 (45% higher than the California median), the median home value is $581,200.
Wallace is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wallace at a glance
- Population
- 714
- Median age
- 40.9State: 37.9
- Median household income
- $143,650State: $99,122
- Median home value
- $581,200State: $734,700
- Homeowners
- 64.5%
- Bachelor's degree or higher
- 32.3%
- Average commute
- 58 min
Is Wallace a good place to live?
Pros: Median household income 45% higher than the California median; home values 21% lower than the state median.
Cons: An average commute of 58 minutes.
The weather is best in April–May and September–October.
Cost of living in Wallace
Housing is the biggest part of the cost of living. In Wallace the median home value is $581,200, 75% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,937 a month in housing costs.
Wallace median household income
The median household income in Wallace is $143,650 and the income per person is $43,786. 0% of residents live below the poverty line (California: 12%).
Housing in Wallace: homes for sale and rent
- Housing units
- 245
- Owner-occupied
- 64.5%
- Renter-occupied
- 35.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 2.91
Wallace demographics
- Population
- 714
- Median age
- 40.9
- Under 18
- 39.6%
- 65 and older
- 20.3%
- Households
- 245
- Foreign-born
- 2.4%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace ›
Education in Wallace
32.3% of adults 25 and older in Wallace have a bachelor's degree or higher (California: 37.1%), and 28.4% have a graduate or professional degree.
Jobs and commute in Wallace
- Unemployment rate
- 0%State: 6.6%
- Average commute
- 58 minState: 29 min
- Work from home
- 31.8%
- Drive alone
- 63.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 72.7%
Wallace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace | 714 | $143,650 | $581,200 | — |
| Camanche North Shore | 824 | $78,333 | $358,600 | — |
| Camanche Village | 2,291 | $156,250 | $452,900 | $1,782 |
| Buena Vista | 493 | $72,031 | $233,100 | — |
| Rancho Calaveras | 7,131 | $88,779 | $443,900 | $1,826 |
| Valley Springs | 910 | $45,786 | $286,200 | — |
| Dogtown | 3,094 | $127,750 | $670,600 | $2,406 |
| Lockeford | 3,838 | $100,294 | $515,600 | $1,304 |
| Ione | 9,156 | $91,495 | $474,900 | — |
More for people moving to Wallace
Wallace ZIP code ›Weather and climate ›Living in Wallace: FAQ
What is the median household income in Wallace, CA?
The median household income in Wallace is $143,650, 45% higher than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Wallace?
The median home value in Wallace is $581,200, compared with $734,700 in California.
Is Wallace, CA a good place to live?
Pluses: median household income 45% higher than the California median; home values 21% lower than the state median. Minuses: an average commute of 58 minutes.
What is the median age in Wallace?
The median age in Wallace is 40.9 years (California: 37.9).
How long is the commute in Wallace?
The average commute to work in Wallace is 58 minutes; 31.8% of workers work from home.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wallace?
32.3% of adults in Wallace have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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