Wallace is a CDP located in Santa Rosa County Florida. Wallace has a 2024 population of 3,963. Wallace is currently growing at a rate of 4.07% annually and its population has increased by 50.63% since the most recent census, which recorded a population of 2,631 in 2020.
The average household income in Wallace is $142,146 with a poverty rate of 7.14%. The median age in Wallace is 35.9 years: 40.1 years for males, and 33.5 years for females.
According to the most recent ACS, the racial composition of Wallace was:
Race | Population | Percentage (of total) |
|---|---|---|
| White | 2,859 | 72.11% |
| Two or more races | 679 | 17.12% |
| Asian | 285 | 7.19% |
| Black or African American | 90 | 2.27% |
| Other race | 49 | 1.24% |
| Native American | 3 | 0.08% |
| Native Hawaiian or Pacific Islander | 0 | 0% |
White
Two or more races
Asian
Black or African American
Other race
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 1,353 | 2.92 | 93.9 | 6.1 |
| Married | 994 | 3.37 | 97 | 3 |
| Non Family | 256 | 1.13 | 92.6 | 7.4 |
| Male | 54 | 2.81 | 100 | 0 |
| Female | 49 | 3.27 | 32.7 | 67.3 |
3.34
Average Family Size
2.92
Average Household Size
93.9%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 9 | 0.34% |
| Associates Degree | 278 | 10.59% |
| Bachelors Degree | 887 | 33.78% |
| Graduate Degree | 389 | 14.81% |
| High School Graduate | 520 | 19.8% |
| Less Than 9th Grade | 0 | 0% |
| Some College | 543 | 20.68% |
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 2,040 | 2,031 | 925 |
| 2+ Races | 318 | 318 | 213 |
| Asian | 177 | 177 | 78 |
| Black | 62 | 62 | 44 |
| Hispanic | 43 | 43 | 2 |
| Other Race | 16 | 16 | 16 |
| Native American | 3 | 3 | 0 |
The highest rate of high school graduation is among black people with a rate of 100%.
The highest rate of bachelors degrees is among other race people with a rate of 100%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $59,091 | $83,273 | $55,398 |
| Graduate Degree | $100,099 | $119,500 | $78,702 |
| High School Graduate | $65,750 | $66,156 | $0 |
| Less Than 9th Grade | $0 | $0 | $0 |
| Overall | $59,924 | $67,217 | $51,848 |
| Some College | $49,724 | $57,038 | $47,974 |
$59,924
Average Earnings
$67,217
Average Male
$51,848
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
88.67% of Wallace residents speak only English, while 11.33% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 9.66% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| White | 2,849 | 140 | 4.91% |
| Multiple | 679 | 135 | 19.88% |
| Black | 90 | 8 | 8.89% |
7.14%
Overall Poverty Rate
7.4%
Male Poverty Rate
6.86%
Female Poverty Rate
The race most likely to be in poverty in Wallace is Multiple, with 19.88% below the poverty level.
The race least likely to be in poverty in Wallace is White, with 4.91% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 3.53%, and for those that did not work, the poverty rate was 15.09%.
rate
Rate | Poverty |
|---|---|
| Less Than 9th Grade | 100% |
| High School | 14.62% |
| Bachelors or Greater | 5.33% |
| Some College | 4.63% |
rate
Rate | Poverty |
|---|---|
| Male Employed | 2.03% |
| Male Unemployed | 0% |
| Female Employed | 0% |
| Female Unemployed | 0% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $118,985 | $161,854 |
| Households | $115,216 | $142,146 |
| Married Families | $119,936 | $-999,999,999 |
| Non Families | - | $57,696 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
74.6%
Overall Marriage Rate
72.5%
Male Marriage Rate
77.1%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 45-54.
Married
Widowed
Divorced
Separated
NeverMarried
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
510
Number of Veterans
466
Male Veterans
44
Female Veterans
War | Veterans |
|---|---|
| First Gulf War | 233 |
| Vietnam | 227 |
| Second Gulf War | 225 |
| Korea | 0 |
| World War II | 0 |
count
Age Group | Veterans |
|---|---|
| 55 to 64 | 166 |
| 35 to 54 | 160 |
| 75+ | 102 |
| 65 to 74 | 74 |
| 18 to 34 | 8 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 346 | 15.92% |
| 2+ Races | 102 | 27.2% |
| Black | 46 | 70.77% |
| Hispanic | 38 | 63.33% |
| Other Race | 16 | 48.48% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
3.73%
Veteran Poverty Rate
36.08%
Veteran Disability Rate
LaborForceParticipation
59.1%
Labor Force Participation
58.6%
Employment Rate
0.1%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
49.26%
Born in Wallace
93.42%
Native Born
6.58%
Foreign Born
2.35%
Non Citizen
4.24%
Naturalized
93.42% of Wallace residents were born in the United States, with 49.26% having been born in Florida. 2.35% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Change |
|---|---|---|---|
| 2024 | 3,963 | 155 | 4.07% |
| 2023 | 3,808 | 156 | 4.27% |
| 2022 | 3,652 | 655 | 21.86% |
| 2021 | 2,997 | 366 | 13.91% |
| 2020 | 2,631 | 164 | 6.65% |
| 2019 | 2,467 | 462 | 23.04% |
| 2018 | 2,005 | -86 | -4.11% |
| 2017 | 2,091 | 416 | 24.84% |
| 2016 | 1,675 | 173 | 11.52% |
| 2015 | 1,502 | 14 | 0.94% |
| 2014 | 1,488 | -155 | -9.43% |
| 2013 | 1,643 | 34 | 2.11% |
| 2012 | 1,609 | -21 | -1.29% |
| 2011 | 1,630 | -155 | -8.68% |
| 2010 | 1,785 | 0 | 0% |