Wallace, Indiana Median Income

Wallace, Indiana has a population of 100, with a median household income of $48,200.

Current median income data for Wallace.

$48,200

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Population

100

💰

Median Income

$48,200

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Unemployment

5.40%

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Housing Price

$105,000

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Crime Rate

1.40

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Internet Speed

75.00 Mbps

Wallace is a small local community located in Indiana. The city has a population that is below the average city population in Indiana, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Indiana, Wallace provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Wallace has a population of 100, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Wallace is $48,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Wallace is about $105,000, making it relatively affordable compared to many cities in Indiana.

Employment and Safety

The unemployment rate in Wallace is 5.40%, slightly above the state average, suggesting moderate employment conditions. Wallace has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Indiana, Wallace shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Wallace offers a balanced mix of economic conditions, population trends, and housing opportunities within Indiana.

Frequently Asked Questions about Wallace

What is the population of Wallace?

The population of Wallace is approximately 100.

Is Wallace a good place to live?

Wallace offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Wallace?

The median household income in Wallace is around $48,200.

How expensive is housing in Wallace?

The average housing price in Wallace is approximately $105,000.