Living in Wallace, Pennsylvania
Cost of living, income, home prices, rent and demographics of Wallace · Census data 2020–2024
Wallace has 3,768 residents with a median age of 42.1. The median household income is $182,500 (134% higher than the Pennsylvania median), the median home value is $592,900, the median rent is $1,509/month.
Wallace at a glance
- Population
- 3,768
- Median age
- 42.1State: 40.9
- Median household income
- $182,500State: $77,971
- Median home value
- $592,900State: $254,500
- Median rent
- $1,509/moState: $1,209
- Homeowners
- 94.3%
- Bachelor's degree or higher
- 65%
- Average commute
- 29 min
Is Wallace a good place to live?
Pros: Median household income 134% higher than the Pennsylvania median; unemployment of 0%; a poverty rate of 1.9%.
Cons: Home values 133% higher than the state median; an average commute of 29 minutes.
The weather is best in May–June and August–September.
Cost of living in Wallace
Housing is the biggest part of the cost of living. In Wallace the median home value is $592,900, 78% higher than the U.S. median. Renters pay a median of $1,509 per month, which is 23.6% of household income. Homeowners with a mortgage pay $2,673 a month in housing costs.
Wallace median household income
The median household income in Wallace is $182,500 and the income per person is $70,872. 1.9% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Wallace: homes for sale and rent
- Housing units
- 1,242
- Owner-occupied
- 94.3%
- Renter-occupied
- 5.7%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 3.14
Wallace demographics
- Population
- 3,768
- Median age
- 42.1
- Under 18
- 26.4%
- 65 and older
- 19.2%
- Households
- 1,180
- Foreign-born
- 5.8%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace ›
Education in Wallace
65% of adults 25 and older in Wallace have a bachelor's degree or higher (Pennsylvania: 35.2%), and 23% have a graduate or professional degree.
Jobs and commute in Wallace
- Unemployment rate
- 0%State: 5.3%
- Average commute
- 29 minState: 26 min
- Work from home
- 23.8%
- Drive alone
- 67.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.2%
Wallace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace | 3,768 | $182,500 | $592,900 | $1,509 |
| Glenmoore | 910 | $148,875 | $494,600 | $1,227 |
| West Brandywine | 7,669 | $112,545 | $379,100 | $3,501 |
| East Nantmeal | 1,715 | $158,958 | $689,900 | $1,531 |
| West Nantmeal | 2,103 | $126,154 | $438,200 | $1,446 |
| Upper Uwchlan | 13,010 | $190,691 | $619,700 | $2,583 |
| East Brandywine | 10,148 | $180,714 | $564,400 | — |
| Eagle | 413 | $86,641 | $318,800 | $2,046 |
| Eagleview | 2,050 | $137,417 | $631,300 | $2,310 |
More for people moving to Wallace
Wallace ZIP code ›Weather and climate ›Living in Wallace: FAQ
What is the median household income in Wallace, PA?
The median household income in Wallace is $182,500, 134% higher than the Pennsylvania median of $77,971 (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 $592,900, compared with $254,500 in Pennsylvania.
How much is rent in Wallace?
The median gross rent in Wallace is $1,509 per month, about 23.6% of household income.
Is Wallace, PA a good place to live?
Pluses: median household income 134% higher than the Pennsylvania median; unemployment of 0%; a poverty rate of 1.9%. Minuses: home values 133% higher than the state median; an average commute of 29 minutes.
What is the median age in Wallace?
The median age in Wallace is 42.1 years (Pennsylvania: 40.9).
How long is the commute in Wallace?
The average commute to work in Wallace is 29 minutes; 23.8% 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?
65% 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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