Wallace, MI demographics:
population, income, and more

Total population
1,320
1.0% year-over-year change
Median household income
$63,125/yr
-0.5% year-over-year change
Housing units
780
0.7% year-over-year change

Wallace population

How many people live in Wallace

Wallace is home to 1,320 residents, according to the most recent Census data. Gender-wise, 53.3% of Wallace locals are male, and 46.7% are female.

Total population
1,320
1.0% year-over-year change
Gender ratio
Male
53.3%
704
Female
46.7%
616
Value Percent YoY change
Male 704 53.3% -0.3%
Female 616 46.7% 2.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Wallace is 59, with the population distributed as follows: about 8.5% are children under 15, then 6.7% are in the 15 to 24 age group. Adults between 25 and 44 make up 19.3% of the population, while another 32.4% fall into the 45 to 64 bracket. Finally, around 33.1% are 65 or older.

Median age
59.3
Age breakdown
Under 15
8.5%
15 to 24
6.7%
25 to 44
19.3%
45 to 64
32.4%
Over 65
33.1%
Value Percent YoY change
Under 15 112 8.5% -13.2%
15 to 24 89 6.7% 0.0%
25 to 44 255 19.3% -1.5%
45 to 64 427 32.4% -2.7%
Over 65 437 33.1% 11.8%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Wallace, 98% of the population are US-born citizens, while 1.4% have gained naturalized citizenship. At the same time, 0.6% of residents are non-citizens. As for race, 95.2% of locals are Caucasian, 0.1% are African American and 1.7% have Asian roots. There’s also a share of 3.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98%
Non-U.S.-born citizens
1.4%
Non-citizens
0.6%
Value Percent YoY change
U.S.-born citizens 1,293 98% 0.7%
Non-U.S.-born citizens 19 1.4% 11.8%
Non-citizens 8 0.6% 33.3%
Racial breakdown
White
95.2%
Black or African American
0.1%
American Indian and Alaska Native
0%
Asian
1.7%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.1%
Other
0%
Value Percent
White 1,256 95.2%
Black or African American 1 0.1%
Asian 22 1.7%
Two or more races 41 3.1%

Households in Wallace

A peek inside Wallace households

Wallace has 621 households, with an average of 2 members in each. Of these, 65.2% are families, while the remaining 34.8% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
621
4.5% year-over-year change
Average people per household
2
Non-family households
216
Family households
405
Value Percent YoY change
Non-family households 216 34.8% 24.1%
Family households 405 65.2% -3.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Wallace

The housing landscape of Wallace

Wallace's housing consists of 780 units, with 84.7% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 13.7% of the housing landscape.

Housing units
780
0.7% year-over-year change
Housing types
Value Percent
1 unit, detached 661 84.7%
2 units 3 0.4%
3 or 4 units 3 0.4%
5 to 9 units 3 0.4%
Mobile home 107 13.7%
Boat, RV, van, etc. 3 0.4%
Homes built since 2020
7
40.0% year-over-year change

The age of buildings in Wallace

In Wallace, the median construction year is 1978. About 15% of homes were built before the 1940s, with another 6.5% going up by 1949. Most development happened in the second half of the 20th century. Then, 13.6% of homes were added from 2000 to 2009, 4% between 2010 and 2019, and 0.9% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 117 15% 0.9%
Built between 1940 and 1949 51 6.5% 2.0%
Built between 1950 and 1959 37 4.7% 94.7%
Built between 1960 and 1969 63 8.1% -3.1%
Built between 1970 and 1979 146 18.7% -12.6%
Built between 1980 and 1989 110 14.1% -0.9%
Built between 1990 and 1999 112 14.4% -1.8%
Built between 2000 and 2009 106 13.6% 0.9%
Built between 2010 and 2019 31 4% 34.8%
Built in 2020 or later 7 0.9% 40.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Wallace occupancy rates

Out of the 621 occupied housing units in Wallace, 92.4% are owner-occupied, while 7.6% are lived in by tenants. Meanwhile, 20.4% of all homes on the local market sit vacant.

Occupied housing units
621
4.5% year-over-year change
Occupancy breakdown
Renter occupied
47
Owner occupied
574
Value Percent YoY
change
Renter occupied 47 7.6% 51.6%
Owner occupied 574 92.4% 1.9%
Unoccupied housing units
20.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Wallace housing costs

Housing costs in Wallace come to a median of $514 per month, while tenants specifically pay a median gross rent of $763.

Median housing costs per month
$514/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Wallace
$763/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Wallace

Wallace education at a glance

About 43.9% of the population in Wallace went to high school, while 28.6% pursued college studies. Another 9.7% earned an associate degree and 11.8% hold a bachelor’s. Meanwhile, 4.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 15 1.2% 25.0%
High school diploma 525 43.9% 3.4%
College diploma 342 28.6% 8.9%
Associate degree 116 9.7% -9.4%
Bachelor's degree 141 11.8% -5.4%
Graduate degree 58 4.8% -3.3%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Wallace

How much people earn in Wallace

The average annual household income in Wallace was $82,767 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.4% change from the previous year. At the same time, the median income stood at $63,125, reflecting a -0.5% shift over the same period.

Average household income in Wallace
$82,767/year
1.4% year-over-year change
Median household income in Wallace
$63,125/year
-0.5% year-over-year change

Wallace income by age

In Wallace, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $71,250. Those with someone between 45 and 64 in charge, often well established professionally, earn $92,528 overall. Overall, 91.3% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $71,250 -16.7%
45 - 64 $92,528 8.3%
Over 65 $43,750 9.6%
Above poverty level
1,205
Below poverty level
115
Value Percent YoY
change
Above poverty level 1,205 91.3% 0.5%
Below poverty level 115 8.7% 6.5%

Employment in Wallace

Workforce and job types in Wallace

73.1% of the working population are employed in professional or administrative positions, while 26.9% are in hands-on or service-based jobs. Also, 9.4% run their own businesses, 55.1% are employed by private companies, and 19.4% work in the public sector.

Workforce demographics

White collar
418
Blue collar
154
Value Percent YoY change
White collar 418 73.1% -4.3%
Blue collar 154 26.9% -8.3%
Employer type
Self employees
9.4%
Private companies
55.1%
Governmental workers
19.4%
Not for profit companies
16.1%
Value Percent YoY change
Self employees 54 9.4% 1.9%
Private companies 315 55.1% -6.2%
Governmental workers 111 19.4% -8.3%
Not for profit companies 92 16.1% -3.2%

Transportation in Wallace

How people get around in Wallace

Commuting methods vary: 96.7% of residents travel by personal vehicle and 2.7% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 494 96.7% -5.4%
Ferryboat 3 0.6% -25.0%
Walk 14 2.7% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Wallace by zipcode?

Zipcode Population Number of households Median income Average income
49893 1,320 621 $63,125 $82,767

Explore more communities

FAQs about Wallace demographics 

What is the total population of Wallace?

Wallace has a total population of 1,320 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +1.0% compared to a year ago.

What is the gender ratio in Wallace?

The gender ratio in Wallace is as follows:
  • 53.3% males (704 residents)
  • 46.7% females (616 residents)

What is the median age in Wallace?

The median age in Wallace is 59.3.

What is the age distribution of the population in Wallace?

The age distribution in Wallace is as follows:
  • Under 15: 8.5% (112 residents)
  • Ages 15-24: 6.7% (89 residents)
  • Ages 25-44: 19.3% (255 residents)
  • Ages 45-64: 32.4% (427 residents)
  • Over 65: 33.1% (437 residents)

What is the racial and ethnic makeup of Wallace?

The racial and ethnic makeup of Wallace is as follows:
  • White: 95.2% (1,256 residents)
  • Black or African American: 0.1% (1 residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 1.7% (22 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 3.1% (41 residents)
  • Other: 0% ( residents)

What percentage of the population in Wallace are U.S.-born citizens?

U.S.-born citizens represent 98% of the population in Wallace.

How many housing units are there in Wallace?

There are 780 housing units in Wallace, reflecting a +0.7% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Wallace and what is the average household size?

Wallace has a total of 621 households, with an average of 2 people in each.

What is the median household income in Wallace?

Wallace has a median household income of $63,125, representing a -0.5% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Wallace?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 73.1% (418 residents)
  • Blue-collar workers: 26.9% (154 residents)

Places of employment:
  • Self-employed: 9.4% (54 residents)
  • Private companies: 55.1% (315 residents)
  • Governmental workers: 19.4% (111 residents)
  • Not-for-profit companies: 16.1% (92 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025