Wallace, Idaho Demographics & Population 2026
During the 2020–2024 ACS period, Wallace, Idaho had a total population of 1,027, the 99th largest city in Idaho, with a median household income of $51,492, which is 34% lower than the state average. The poverty rate is 20.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 34% below the state average, indicating significant economic challenges.
Wallace Quick Facts
How Wallace Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,127 | 1,027 | -8.9% |
| Median household income | $50,526 | $51,492 | +1.9% |
| Median home value | $219,200 | $232,700 | +6.2% |
How Wallace Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 36 | National average: 61
Education
Educational Attainment (Adults 25+)
Wallace Rankings in Idaho
Explore Idaho Rankings
Other Cities in Shoshone County
Cities Similar to Wallace
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lapwai | 1,021 | $57,439 | $113,700 | 17.4% | 19.4% |
| Cascade | 1,118 | $53,750 | $346,100 | 40.8% | 32.0% |
| Hazelton | 977 | $57,656 | $221,300 | 6.3% | 14.4% |
| Clark Fork | 990 | $63,813 | $251,700 | 6.3% | 23.4% |
| Plummer | 1,162 | $54,306 | $197,200 | 14.0% | 15.0% |
Population Overview
Wallace is a small community located in Idaho, within Shoshone County. The total population is 1,027. It ranks as the 99th most populous out of 232 Census-designated places in Idaho.
Age Demographics
The median age in Wallace is 47.0 years. This is 26% higher than the state median of 37.3 years.
Economy, Income & Housing
The median household income in Wallace is $51,492. This is 34% lower than the state median of $77,800. It is also 36% lower than the national median of $80,734. The poverty rate stands at 20.1%. This is 90% 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 5.7%. This is 54% higher than the state rate of 3.7%. The median home value is $232,700. Housing costs are 44% lower than the state median of $418,600. The home-value-to-income ratio is 4.5x. 57.6% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 72.1%.
Race & Ethnicity
Wallace has a predominantly White (non-Hispanic) population, comprising 87.9% of all residents. Hispanic or Latino residents account for 8.3%. The Asian population (0.3%) is well below the state average of 1.3%.
Education
19.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% lower than the state rate of 31.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.0%.
Data Sources & Methodology
All demographic data for Wallace, Idaho is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Idaho state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 232 Census-designated places in Idaho. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Wallace, Idaho?
Wallace, Idaho has a population of 1,027 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wallace, ID?
The median household income in Wallace is $51,492, which is 36% lower than the national median of $80,734.
What is the poverty rate in Wallace, ID?
The poverty rate in Wallace is 20.1%. This means approximately 202 residents live below the federal poverty line.
What is the racial makeup of Wallace, Idaho?
Wallace's population is 87.9% White, 0.7% Black, 8.3% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Wallace, ID?
The median home value in Wallace is $232,700. The home-value-to-income ratio is 4.5x.
How educated is Wallace, Idaho?
19.6% of adults (25+) in Wallace hold a bachelor's degree or higher, and 4.4% hold a graduate or professional degree.