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.
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.|
|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:
|Total Population||393 (100%)|
|Population in Households||393 (100.0%)|
|Population in Families||345 (87.8%)|
|Population in Group Quarters1||0|
|Median Household Income||$62,243|
|Average Household Income||$86,681|
|Per Capita Income||$34,172|
|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|
|Average Household Size||2.59|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||3.87%|
|Per Capita Income||2.77%|
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.
|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.