Living in Wallace, North Carolina
Cost of living, income, home prices, rent and demographics of Wallace · Census data 2020–2024
Wallace has 3,457 residents with a median age of 43.6. The median household income is $51,250 (29% lower than the North Carolina median), the median home value is $178,000, the median rent is $881/month.
Wallace at a glance
- Population
- 3,457
- Median age
- 43.6State: 39.1
- Median household income
- $51,250State: $72,388
- Median home value
- $178,000State: $288,900
- Median rent
- $881/moState: $1,228
- Homeowners
- 57.5%
- Bachelor's degree or higher
- 11.5%
- Average commute
- 18 min
Is Wallace a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 29% lower than the North Carolina median; unemployment of 8.7%; a poverty rate of 30.4%.
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 $178,000, 46% lower than the U.S. median. Renters pay a median of $881 per month, which is 31% of household income. Homeowners with a mortgage pay $1,565 a month in housing costs.
Wallace median household income
The median household income in Wallace is $51,250 and the income per person is $25,823. 30.4% of residents live below the poverty line (North Carolina: 13%).
Housing in Wallace: homes for sale and rent
- Housing units
- 1,822
- Owner-occupied
- 57.5%
- Renter-occupied
- 42.5%
- Vacant
- 6.9%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 1.97
Wallace demographics
- Population
- 3,457
- Median age
- 43.6
- Under 18
- 21%
- 65 and older
- 15.7%
- Households
- 1,697
- Foreign-born
- 11.4%
- Veterans
- 12.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace ›
Education in Wallace
11.5% of adults 25 and older in Wallace have a bachelor's degree or higher (North Carolina: 35.7%), and 4% have a graduate or professional degree.
Jobs and commute in Wallace
- Unemployment rate
- 8.7%State: 4.7%
- Average commute
- 18 minState: 25 min
- Work from home
- 7.1%
- Drive alone
- 79.9%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 86.7%
Wallace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace | 3,457 | $51,250 | $178,000 | $881 |
| Teachey | 427 | $51,111 | $181,800 | $888 |
| Rose Hill | 1,309 | $49,375 | $125,000 | $785 |
| Watha | 271 | $48,125 | $143,300 | — |
| Greenevers | 648 | $16,603 | $77,100 | $491 |
| Magnolia | 1,024 | $39,406 | $114,400 | $516 |
| Harrells | 175 | $43,750 | $175,000 | — |
| Burgaw | 3,850 | $67,853 | $242,200 | $943 |
| Kenansville | 1,090 | $61,364 | $127,400 | $384 |
More for people moving to Wallace
Wallace ZIP code ›Weather and climate ›Living in Wallace: FAQ
What is the median household income in Wallace, NC?
The median household income in Wallace is $51,250, 29% lower than the North Carolina median of $72,388 (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 $178,000, compared with $288,900 in North Carolina.
How much is rent in Wallace?
The median gross rent in Wallace is $881 per month, about 31% of household income.
Is Wallace, NC a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 18 minutes. Minuses: median household income 29% lower than the North Carolina median; unemployment of 8.7%; a poverty rate of 30.4%.
What is the median age in Wallace?
The median age in Wallace is 43.6 years (North Carolina: 39.1).
How long is the commute in Wallace?
The average commute to work in Wallace is 18 minutes; 7.1% of workers work from home.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wallace?
11.5% 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.
Last updated: