Living in Wallace, Louisiana
Cost of living, income, home prices, rent and demographics of Wallace · Census data 2020–2024
Wallace has 791 residents with a median age of 33.7. The median household income is $38,389 (37% lower than the Louisiana median), the median home value is $184,700.
Wallace is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wallace at a glance
- Population
- 791
- Median age
- 33.7State: 38
- Median household income
- $38,389State: $60,756
- Median home value
- $184,700State: $216,500
- Homeowners
- 63.6%
- Bachelor's degree or higher
- 41.8%
- Average commute
- 31 min
Is Wallace a good place to live?
Pros: Home values 15% lower than the state median; a poverty rate of 12.9%.
Cons: Median household income 37% lower than the Louisiana median; an average commute of 31 minutes; unemployment of 12.7%.
The weather is best in March–April and October–November.
Cost of living in Wallace
Housing is the biggest part of the cost of living. In Wallace the median home value is $184,700, 44% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,156 a month in housing costs.
Wallace median household income
The median household income in Wallace is $38,389 and the income per person is $31,382. 12.9% of residents live below the poverty line (Louisiana: 18.9%).
Housing in Wallace: homes for sale and rent
- Housing units
- 308
- Owner-occupied
- 63.6%
- Renter-occupied
- 36.4%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.57
Wallace demographics
- Population
- 791
- Median age
- 33.7
- Under 18
- 18.1%
- 65 and older
- 7.2%
- Households
- 308
- Foreign-born
- 0%
- Veterans
- 1.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace ›
Education in Wallace
41.8% of adults 25 and older in Wallace have a bachelor's degree or higher (Louisiana: 27%), and 10% have a graduate or professional degree.
Jobs and commute in Wallace
- Unemployment rate
- 12.7%State: 6.3%
- Average commute
- 31 minState: 26 min
- Work from home
- 10.3%
- Drive alone
- 85.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.8%
Wallace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace | 791 | $38,389 | $184,700 | — |
| Garyville | 2,119 | $88,060 | $171,600 | $1,078 |
| Gramercy | 2,814 | $67,813 | $225,100 | $1,236 |
| North Vacherie | 1,905 | $37,083 | $221,900 | — |
| Paulina | 1,785 | $88,839 | $283,100 | — |
| Lutcher | 2,991 | $60,375 | $219,600 | $1,712 |
| Grand Point | 2,341 | $88,674 | $253,800 | — |
| South Vacherie | 2,954 | $81,310 | $234,600 | $1,325 |
| Hester | 654 | $138,879 | $194,000 | — |
More for people moving to Wallace
Wallace ZIP code ›Weather and climate ›Living in Wallace: FAQ
What is the median household income in Wallace, LA?
The median household income in Wallace is $38,389, 37% lower than the Louisiana median of $60,756 (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 $184,700, compared with $216,500 in Louisiana.
Is Wallace, LA a good place to live?
Pluses: home values 15% lower than the state median; a poverty rate of 12.9%. Minuses: median household income 37% lower than the Louisiana median; an average commute of 31 minutes; unemployment of 12.7%.
What is the median age in Wallace?
The median age in Wallace is 33.7 years (Louisiana: 38).
How long is the commute in Wallace?
The average commute to work in Wallace is 31 minutes; 10.3% of workers work from home.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace is 12.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wallace?
41.8% 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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