Wallace, LA
Population 1,383 · Louisiana
About Wallace, LA
Wallace is a small community in Louisiana with a population of 1,383 residents. The median household income is $98,750 per year, which is above the national average. The median age in Wallace is 34.3 years.
Housing in Wallace has a median home value of $206,900 and median monthly rent of $0. Of the 457 total housing units, the majority are owner-occupied, with 350 owner-occupied and 107 renter-occupied units.
The unemployment rate in Wallace is 8.2% and the poverty rate is 6.1%. 31.0% of residents hold a bachelor's degree or higher. The average commute time is 32.1 minutes.
How Wallace Ranks in Louisiana
Cost of Living in Wallace, LA
Compared to national averages, Wallace has a median household income of $98,750 (31% above the national median of $75,149). Home values average $206,900, which is 16% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Louisiana, Wallace's income is 81% above the state average of $54,685, and home values are 32% above the state median of $156,619.
Why Live in Wallace, LA?
Wallace offers a strong local economy with a median household income of $98,750, well above the national average, and affordable housing with a median home value of $206,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 6.1%, better than the national average.
Wallace has a population of 1,383 with a median age of 34.3 years. Compare Wallace with other cities to see how it stacks up, or explore all cities in Louisiana.
Similar Cities Near Wallace
Cities in Louisiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Choudrant | 1,382 | $58,281 | $286,500 | Compare |
| Bayou Country Club | 1,381 | $110,646 | $299,000 | Compare |
| Sibley | 1,392 | $34,219 | $132,200 | Compare |
| Duson | 1,369 | $24,330 | $57,400 | Compare |
| Jonesville | 1,425 | $32,639 | $80,600 | Compare |
| Gueydan | 1,431 | $29,223 | $82,100 | Compare |
| Banks Springs | 1,432 | $22,240 | $70,400 | Compare |
| Oak Grove | 1,328 | $35,917 | $86,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Louisiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wallace
What is the population of Wallace, LA?
The population of Wallace, LA is 1,383 according to the latest Census data.
What is the median household income in Wallace?
The median household income in Wallace, LA is $98,750 per year.
What is the median home value in Wallace?
The median home value in Wallace, LA is $206,900.
What is the average rent in Wallace?
The median monthly rent in Wallace, LA is $0.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace, LA is 8.2%.