Wallace CDP, Florida Demographics & Population 2026
As of 2026, Wallace CDP, Florida has a total population of 3,965, the 534th largest city in Florida, with a median household income of $115,216, which is 61% higher than the state average. The poverty rate is 7.1%.
Key Takeaways
- Household income is 61% above the state average — one of the wealthiest communities in Florida.
- Near full employment with an unemployment rate of just 0.1%.
Wallace CDP Quick Facts
How Wallace CDP Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 64 | National average: 60
Education
Educational Attainment (Adults 25+)
Wallace CDP Rankings in Florida
Explore Florida Rankings
Cities Similar to Wallace CDP
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| West Bradenton CDP | 4,017 | $110,072 | $384,100 | 32.8% | 10.3% |
| Tangerine CDP | 3,967 | $104,730 | $410,600 | 32.0% | 5.9% |
| Belleair town | 4,350 | $117,500 | $642,600 | 54.0% | 5.9% |
| Lake Sarasota CDP | 3,802 | $98,689 | $337,700 | 28.2% | 8.3% |
| Tierra Verde CDP | 4,051 | $148,785 | $767,900 | 60.4% | 2.0% |
Population Overview
Wallace CDP is a small community located in Florida. The total population is 3,965. It ranks as the 534th most populous out of 953 cities and towns in Florida.
Age Demographics
The median age in Wallace CDP is 35.9 years. This is 16% lower than the state median of 42.6 years. With 28.4% of the population under 18, Wallace CDP has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Wallace CDP is $115,216. This is 61% higher than the state median of $71,711. Compared to the national median of $78,538, household income here is 47% higher. The poverty rate stands at 7.1%. This is 43% lower than the state poverty rate of 12.6%. The unemployment rate is 0.1%. This is 98% lower than the state rate of 4.8%. The median home value is $377,600. Housing costs are 16% higher than the state median of $325,000. The home-value-to-income ratio is 3.3x. 93.9% of occupied housing units are owner-occupied. This homeownership rate is 40% higher than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Wallace CDP is White (non-Hispanic), making up 71.9% of the population. Asian residents account for 7.2%. The Black or African American population (2.3%) is well below the state average of 14.8%. The Hispanic or Latino population (1.5%) is well below the state average of 26.8%. The Asian population is significantly higher than the state average (7.2% vs 2.8%).
Education
48.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 46% higher than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.7%.
Data Sources & Methodology
All demographic data for Wallace CDP, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Wallace CDP, Florida?
Wallace CDP, Florida has a population of 3,965 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wallace CDP, FL?
The median household income in Wallace CDP is $115,216, which is 47% higher the national median of $78,538.
What is the poverty rate in Wallace CDP, FL?
The poverty rate in Wallace CDP is 7.1%. This means approximately 283 residents live below the federal poverty line.
What is the racial makeup of Wallace CDP, Florida?
Wallace CDP's population is 71.9% White, 2.3% Black, 1.5% Hispanic/Latino, and 7.2% Asian.
What is the median home value in Wallace CDP, FL?
The median home value in Wallace CDP is $377,600. The home-value-to-income ratio is 3.3x.
How educated is Wallace CDP, Florida?
48.6% of adults (25+) in Wallace CDP hold a bachelor's degree or higher, and 14.8% hold a graduate or professional degree.