Living in Wallace, West Virginia
Cost of living, income, home prices, rent and demographics of Wallace · Census data 2020–2024
Wallace has 277 residents with a median age of 46.7. The median household income is $33,403 (44% lower than the West Virginia median), the median home value is $48,800.
Wallace is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wallace at a glance
- Population
- 277
- Median age
- 46.7State: 42.7
- Median household income
- $33,403State: $59,608
- Median home value
- $48,800State: $162,600
- Homeowners
- 90.3%
- Bachelor's degree or higher
- 5.4%
- Average commute
- 56 min
Is Wallace a good place to live?
Pros: Home values 70% lower than the state median.
Cons: Median household income 44% lower than the West Virginia median; an average commute of 56 minutes; a poverty rate of 37.5%.
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 $48,800, 85% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $733 a month in housing costs.
Wallace median household income
The median household income in Wallace is $33,403 and the income per person is $23,185. 37.5% of residents live below the poverty line (West Virginia: 16.7%).
Housing in Wallace: homes for sale and rent
- Housing units
- 131
- Owner-occupied
- 90.3%
- Renter-occupied
- 9.7%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.45
Wallace demographics
- Population
- 277
- Median age
- 46.7
- Under 18
- 26%
- 65 and older
- 44.4%
- Households
- 113
- Foreign-born
- 1.1%
- Veterans
- 32.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Wallace ›
Education in Wallace
5.4% of adults 25 and older in Wallace have a bachelor's degree or higher (West Virginia: 24.1%), and 0% have a graduate or professional degree.
Jobs and commute in Wallace
- Unemployment rate
- 0%State: 5.4%
- Average commute
- 56 minState: 27 min
- Work from home
- 0%
- Drive alone
- 61.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 42.5%
Wallace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wallace | 277 | $33,403 | $48,800 | — |
| Lumberport | 703 | $47,917 | $126,100 | — |
| Reynoldsville | 111 | $103,229 | $103,100 | — |
| Wolf Summit | 213 | $33,750 | $117,300 | — |
| Salem | 1,629 | $38,529 | $77,800 | $525 |
| Gypsy | 119 | $54,524 | — | — |
| Shinnston | 2,352 | $69,844 | $153,200 | $972 |
| Enterprise | 1,087 | $63,636 | $131,300 | — |
| Mannington | 1,829 | $54,286 | $106,000 | $762 |
More for people moving to Wallace
Wallace ZIP code ›Weather and climate ›Living in Wallace: FAQ
What is the median household income in Wallace, WV?
The median household income in Wallace is $33,403, 44% lower than the West Virginia median of $59,608 (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 $48,800, compared with $162,600 in West Virginia.
Is Wallace, WV a good place to live?
Pluses: home values 70% lower than the state median. Minuses: median household income 44% lower than the West Virginia median; an average commute of 56 minutes; a poverty rate of 37.5%.
What is the median age in Wallace?
The median age in Wallace is 46.7 years (West Virginia: 42.7).
How long is the commute in Wallace?
The average commute to work in Wallace is 56 minutes; 0% 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?
5.4% 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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