Wallace village, Nebraska Demographics & Population 2026
As of 2026, Wallace village, Nebraska has a total population of 272, the 305th largest city in Nebraska, with a median household income of $55,625, which is 26% lower than the state average. The poverty rate is 3.3%.
Key Takeaways
- An exceptionally low poverty rate of 3.3% — among the lowest in Nebraska.
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
- Near full employment with an unemployment rate of just 0.0%.
Wallace village Quick Facts
How Wallace village 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: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Wallace village Rankings in Nebraska
Explore Nebraska Rankings
Cities Similar to Wallace village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Chester village | 274 | $54,875 | $72,600 | 14.9% | 12.0% |
| Dix village | 268 | $54,097 | $110,200 | 11.8% | 10.1% |
| Milligan village | 284 | $55,000 | $83,800 | 13.7% | 5.4% |
| Holbrook village | 269 | $60,750 | $76,300 | 15.8% | 27.9% |
| Carroll village | 289 | $56,563 | $94,300 | 10.5% | 6.6% |
Population Overview
Wallace village is a small community located in Nebraska. The total population is 272. It ranks as the 305th most populous out of 584 cities and towns in Nebraska.
Age Demographics
The median age in Wallace village is 53.5 years. This is 44% higher than the state median of 37.1 years.
Economy, Income & Housing
The median household income in Wallace village is $55,625. This is 26% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 29% lower. The poverty rate stands at 3.3%. This is 68% lower than the state poverty rate of 10.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.0%. The median home value is $101,500. Housing costs are 55% lower than the state median of $223,800. With a home-value-to-income ratio of just 1.8x, Wallace village is one of the most affordable housing markets in the area. 79.1% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 66.5%.
Race & Ethnicity
Wallace village has a predominantly White (non-Hispanic) population, comprising 85.7% of all residents. Hispanic or Latino residents account for 13.6%.
Education
32.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 4% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.2%.
Data Sources & Methodology
All demographic data for Wallace village, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Wallace village, Nebraska?
Wallace village, Nebraska has a population of 272 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wallace village, NE?
The median household income in Wallace village is $55,625, which is 29% lower the national median of $78,538.
What is the poverty rate in Wallace village, NE?
The poverty rate in Wallace village is 3.3%. This means approximately 9 residents live below the federal poverty line.
What is the racial makeup of Wallace village, Nebraska?
Wallace village's population is 85.7% White, 0.0% Black, 13.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Wallace village, NE?
The median home value in Wallace village is $101,500. The home-value-to-income ratio is 1.8x.
How educated is Wallace village, Nebraska?
32.9% of adults (25+) in Wallace village hold a bachelor's degree or higher, and 5.4% hold a graduate or professional degree.