Wallace, NE Profile: Facts & Data

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Wallace, Nebraska - Basic Facts

The Village of Wallace had a population of 393 as of July 1, 2019. Wallace ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Nebraska. See peer rankings below.

The primary coordinate point for Wallace is located at latitude 40.8383 and longitude -101.1649 in Lincoln County. The formal boundaries for the Village of Wallace encompass a land area of 0.71 sq. miles and a water area of 0 sq. miles. Lincoln County is in the Central time zone (GMT -6). The elevation is 3,110 feet.

The Village of Wallace (GNIS ID: 2400086) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Wallace is located within Wallace Election Precinct, a minor civil division (MCD) of Lincoln County.


Jump to... (On This Page!)
  1. Wallace 2019 Demographic Data
  2. Growth Rates for Wallace (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Nebraska Research Tools (Easy Tools & Current Data)
  3. Nebraska Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Wallace, NE Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Wallace, NE Housing Affordability Index is 228
State of Nebraska Housing Affordability Index is 149
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Wallace, NE Wealth Index is 103
State of Nebraska Wealth Index is 87
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Nebraska COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 393 (100%)
Population in Households 393 (100.0%)
Population in Families 345 (87.8%)
Population in Group Quarters1 0
Population Density 552
Diversity Index2 45
 

INCOME

Median Household Income $62,243
Average Household Income $86,681
Per Capita Income $34,172
Wealth Index4 103

HOUSING

Total Housing Units 160 (100%)
Owner Occupied HU 105 (65.6%)
Renter Occupied HU 47 (29.4%)
Vacant Housing Units 8 ( 5.0%)
Median Home Value $141,250
Housing Affordability Index3 228
 

HOUSEHOLDS

Total Households 152
Average Household Size 2.59
Family Households 115
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.77% 0.2%
Households 0.89% 0.26%
Families 1.09% 0.17%
Median Household Income   3.87%
Per Capita Income   2.77%

Wallace, NE - Peer Comparisons by Rank and Percentile

The table below compares Wallace to the other 580 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 233 60th
Population Density # 387 33rd
Diversity Index # 42 93rd
Median Household Income # 158 73rd
Per Capita Income # 117 80th

Additional comparisons and rankings can be made with a VERY EASY TO USE Nebraska Census Data Comparison Tool.

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