Living in Wallace, South Carolina
Cost of living, income, home prices, rent and demographics of Wallace · Census data 2020–2024
Wallace has 665 residents with a median age of 59.7. The median household income is $32,703 (53% lower than the South Carolina median), the median home value is $97,600.
Wallace is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wallace at a glance
- Population
- 665
- Median age
- 59.7State: 40.2
- Median household income
- $32,703State: $69,324
- Median home value
- $97,600State: $259,000
- Homeowners
- 99.1%
- Bachelor's degree or higher
- 3.6%
- Average commute
- 24 min
Is Wallace a good place to live?
Pros: Home values 62% lower than the state median; an average commute of 24 minutes; unemployment of 3.8%.
Cons: Median household income 53% lower than the South Carolina median; a poverty rate of 14.4%.
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 $97,600, 71% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $862 a month in housing costs.
Wallace median household income
The median household income in Wallace is $32,703 and the income per person is $22,272. 14.4% of residents live below the poverty line (South Carolina: 14.1%).
Housing in Wallace: homes for sale and rent
- Housing units
- 355
- Owner-occupied
- 99.1%
- Renter-occupied
- 0.9%
- Vacant
- 7.3%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.02
Wallace demographics
- Population
- 665
- Median age
- 59.7
- Under 18
- 7.7%
- 65 and older
- 41.2%
- Households
- 329
- Foreign-born
- 1.4%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace ›
Education in Wallace
3.6% of adults 25 and older in Wallace have a bachelor's degree or higher (South Carolina: 32.1%), and 0.5% have a graduate or professional degree.
Jobs and commute in Wallace
- Unemployment rate
- 3.8%State: 4.9%
- Average commute
- 24 minState: 26 min
- Work from home
- 2.1%
- Drive alone
- 69.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 74.8%
Wallace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace | 665 | $32,703 | $97,600 | — |
| Cheraw | 4,960 | $26,689 | $152,200 | $800 |
| Cash | 754 | $97,115 | $96,500 | — |
| Bennettsville | 7,751 | $37,115 | $92,100 | $671 |
| Cordova | 1,372 | $60,952 | $155,000 | — |
| Morven | 362 | $28,125 | $110,700 | $877 |
| Gibson | 745 | $25,000 | $80,800 | $748 |
| Hamlet | 5,961 | $41,590 | $112,600 | $640 |
| Chesterfield | 1,465 | $44,526 | $184,200 | $760 |
More for people moving to Wallace
Wallace ZIP code ›Weather and climate ›Living in Wallace: FAQ
What is the median household income in Wallace, SC?
The median household income in Wallace is $32,703, 53% lower than the South Carolina median of $69,324 (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 $97,600, compared with $259,000 in South Carolina.
Is Wallace, SC a good place to live?
Pluses: home values 62% lower than the state median; an average commute of 24 minutes; unemployment of 3.8%. Minuses: median household income 53% lower than the South Carolina median; a poverty rate of 14.4%.
What is the median age in Wallace?
The median age in Wallace is 59.7 years (South Carolina: 40.2).
How long is the commute in Wallace?
The average commute to work in Wallace is 24 minutes; 2.1% of workers work from home.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wallace?
3.6% 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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