Wallace city, Idaho Demographics & Population 2026
As of 2026, Wallace city, Idaho has a total population of 1,127, the 95th largest city in Idaho, with a median household income of $50,526, which is 32% lower than the state average. The poverty rate is 20.2%.
Key Takeaways
- Household income is 32% below the state average, indicating significant economic challenges.
Wallace city Quick Facts
How Wallace city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 35 | National average: 60
Education
Educational Attainment (Adults 25+)
Wallace city Rankings in Idaho
Explore Idaho Rankings
Cities Similar to Wallace city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Cottonwood city | 1,138 | $56,250 | $206,800 | 23.6% | 19.4% |
| Carey city | 1,197 | $50,938 | $209,200 | 19.2% | 5.7% |
| Plummer city | 1,055 | $52,188 | $163,800 | 14.6% | 13.7% |
| Hagerman city | 1,198 | $59,250 | $189,600 | 28.7% | 14.1% |
| Greenleaf city | 1,152 | $64,375 | $339,600 | 23.6% | 9.0% |
Population Overview
Wallace city is a small community located in Idaho. The total population is 1,127. It ranks as the 95th most populous out of 234 cities and towns in Idaho.
Age Demographics
The median age in Wallace city is 40.7 years. This is 10% higher than the state median of 37.1 years.
Economy, Income & Housing
The median household income in Wallace city is $50,526. This is 32% lower than the state median of $74,636. Compared to the national median of $78,538, household income here is 36% lower. The poverty rate stands at 20.2%. This is 89% higher than the state poverty rate of 10.6%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 5.6%. This is 52% higher than the state rate of 3.7%. The median home value is $219,200. Housing costs are 42% lower than the state median of $376,000. The home-value-to-income ratio is 4.3x. 52.6% of occupied housing units are owner-occupied. This homeownership rate is 27% lower than the state average of 72.4%.
Race & Ethnicity
Wallace city has a predominantly White (non-Hispanic) population, comprising 91.2% of all residents. Hispanic or Latino residents account for 6.0%. The Hispanic or Latino population (6.0%) is well below the state average of 13.3%. The Asian population (0.5%) is well below the state average of 1.3%.
Education
18.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 31.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.2%.
Data Sources & Methodology
All demographic data for Wallace city, Idaho 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 Idaho state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 234 Census-designated places in Idaho. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Wallace city, Idaho?
Wallace city, Idaho has a population of 1,127 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wallace city, ID?
The median household income in Wallace city is $50,526, which is 36% lower the national median of $78,538.
What is the poverty rate in Wallace city, ID?
The poverty rate in Wallace city is 20.2%. This means approximately 221 residents live below the federal poverty line.
What is the racial makeup of Wallace city, Idaho?
Wallace city's population is 91.2% White, 0.7% Black, 6.0% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Wallace city, ID?
The median home value in Wallace city is $219,200. The home-value-to-income ratio is 4.3x.
How educated is Wallace city, Idaho?
18.7% of adults (25+) in Wallace city hold a bachelor's degree or higher, and 4.3% hold a graduate or professional degree.