Living in Wallace Ridge, Louisiana
Cost of living, income, home prices, rent and demographics of Wallace Ridge · Census data 2020–2024
Wallace Ridge has 628 residents with a median age of 28.8. The median home value is $200,000.
Wallace Ridge is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wallace Ridge at a glance
- Population
- 628
- Median age
- 28.8State: 38
- Median home value
- $200,000State: $216,500
- Homeowners
- 73.4%
- Bachelor's degree or higher
- 14.5%
- Average commute
- 27 min
Is Wallace Ridge a good place to live?
Pros: Home values 8% lower than the state median.
Cons: An average commute of 27 minutes; a poverty rate of 25.8%.
The weather is best in April–May and September–October.
Cost of living in Wallace Ridge
Housing is the biggest part of the cost of living. In Wallace Ridge the median home value is $200,000, 40% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,261 a month in housing costs.
Housing in Wallace Ridge: homes for sale and rent
- Housing units
- 274
- Owner-occupied
- 73.4%
- Renter-occupied
- 26.6%
- Vacant
- 9.5%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.53
Wallace Ridge demographics
- Population
- 628
- Median age
- 28.8
- Under 18
- 32.6%
- 65 and older
- 17.4%
- Households
- 248
- Foreign-born
- 2.2%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace Ridge ›
Education in Wallace Ridge
14.5% of adults 25 and older in Wallace Ridge have a bachelor's degree or higher (Louisiana: 27%), and 0% have a graduate or professional degree.
Jobs and commute in Wallace Ridge
- Unemployment rate
- 0%State: 6.3%
- Average commute
- 27 minState: 26 min
- Work from home
- 5.1%
- Drive alone
- 74.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 68.1%
Wallace Ridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace Ridge | 628 | — | $200,000 | — |
| Jonesville | 1,288 | $43,684 | $112,800 | $1,016 |
| Harrisonburg | 287 | $51,786 | $207,300 | $592 |
| Sicily Island | 336 | $20,500 | $55,000 | $628 |
| Ferriday | 3,098 | $28,467 | $84,800 | $765 |
| Clayton | 272 | $30,962 | $73,800 | $442 |
| Jena | 4,160 | $71,730 | $139,700 | $906 |
| Monterey | 326 | $139,519 | $202,200 | — |
| Ridgecrest | 1,007 | $41,910 | $57,500 | $971 |
More for people moving to Wallace Ridge
Wallace Ridge ZIP code ›Weather and climate ›Living in Wallace Ridge: FAQ
What is the average home price in Wallace Ridge?
The median home value in Wallace Ridge is $200,000, compared with $216,500 in Louisiana.
Is Wallace Ridge, LA a good place to live?
Pluses: home values 8% lower than the state median. Minuses: an average commute of 27 minutes; a poverty rate of 25.8%.
What is the median age in Wallace Ridge?
The median age in Wallace Ridge is 28.8 years (Louisiana: 38).
How long is the commute in Wallace Ridge?
The average commute to work in Wallace Ridge is 27 minutes; 5.1% of workers work from home.
What is the unemployment rate in Wallace Ridge?
The unemployment rate in Wallace Ridge is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wallace Ridge?
14.5% of adults in Wallace Ridge 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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