Wallace, South Dakota Demographics & Population 2026
During the 2020–2024 ACS period, Wallace, South Dakota had a total population of 66, the 354th largest town in South Dakota, with a median household income of $55,000, which is 27% lower than the state average. The poverty rate is 4.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 4.5% — among the lowest in South Dakota.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
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 | 67 | 66 | -1.5% |
| Median household income | $53,750 | $55,000 | +2.3% |
| Median home value | $85,600 | $86,700 | +1.3% |
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: 35 | National average: 61
Education
Educational Attainment (Adults 25+)
Wallace Rankings in South Dakota
Explore South Dakota Rankings
Other Cities in Codington 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 |
|---|---|---|---|---|---|
| Bushnell | 66 | N/A | $90,000 | 33.3% | 7.6% |
| Cottonwood | 66 | N/A | N/A | 50.0% | 1.5% |
| Sunset Colony | 68 | N/A | N/A | 0.0% | 100.0% |
| Utica | 68 | $51,000 | $52,500 | 18.0% | 4.4% |
| Chelsea | 61 | N/A | N/A | 22.9% | 0.0% |
A note before these figures: with a population of 66, Wallace's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Wallace is a small community located in South Dakota, within Codington County. The total population is 66. It ranks as the 354th most populous out of 439 Census-designated places in South Dakota.
Age Demographics
The median age in Wallace is 46.0 years. This is 21% higher than the state median of 38.0 years. With 36.4% of the population under 18, Wallace has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Wallace is $55,000. This is 27% lower than the state median of $75,081. It is also 32% lower than the national median of $80,734. The poverty rate stands at 4.5%. This is 62% lower than the state poverty rate of 11.9%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The survey records no unemployed residents in Wallace, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $86,700. Housing costs are 66% lower than the state median of $257,400. With a home-value-to-income ratio of just 1.6x, Wallace is one of the most affordable housing markets in the area. 75.0% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 68.6%.
Race & Ethnicity
Wallace has a predominantly White (non-Hispanic) population, comprising 93.9% of all residents.
Education
16.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 48% lower than the state rate of 31.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.1%.
Data Sources & Methodology
All demographic data for Wallace, South Dakota 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 South Dakota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 439 Census-designated places in South Dakota. 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, South Dakota?
Wallace, South Dakota has a population of 66 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Wallace, SD?
The median household income in Wallace is $55,000, which is 32% lower than the national median of $80,734.
What is the poverty rate in Wallace, SD?
The poverty rate in Wallace is 4.5%. This means approximately 3 residents live below the federal poverty line.
What is the racial makeup of Wallace, South Dakota?
Wallace's population is 93.9% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Wallace, SD?
The median home value in Wallace is $86,700. The home-value-to-income ratio is 1.6x.
How educated is Wallace, South Dakota?
16.7% of adults (25+) in Wallace hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.