Wallace

County:: Lincoln County
County Seat:: No
Area (mi²):: 0.711
State:: Nebraska

Wallace is a village located in Lincoln County, Nebraska. Wallace has a 2025 population of 292. Wallace is currently declining at a rate of -1.68% annually and its population has decreased by -7.89% since the most recent census, which recorded a population of 317 in 2020.

The average household income in Wallace is $70,276 with a poverty rate of 3.31%. The median age in Wallace is 53.5 years: 46.6 years for males, and 57.8 years for females.

Demographics

The racial composition of Wallace includes 85.66% White, 8.82% other race, and smaller percentages for Black or African American, Native American, Asian, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Other race

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	233	85.66%
Other race	24	8.82%
Two or more races	15	5.51%
Black or African American	0	0%
Native American	0	0%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%

Wallace Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Wallace's average per capita income is $33,214. Household income levels show a median of $55,625. The poverty rate stands at 3.31%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$56,875	-
Non Families	$56,250	$75,347
Households	$55,625	$70,276
Families	$55,313	$68,485

$33,214

Average Income

$55,625

Median Household Income

3.31%

Poverty Rate