Wallace Ridge, LA
Population 660 · Louisiana
About Wallace Ridge, LA
Wallace Ridge is a small community located in Louisiana with a population of 660 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,136 per year, which is 19% below the national median of $75,149. The median age of 29.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wallace Ridge features a median home value of $159,400, which is 35% below the national median of $244,900. This positions Wallace Ridge in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 292 total housing units, 76% are owner-occupied (195 units) and 24% are renter-occupied (63 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wallace Ridge shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 26.4%, above the national average of 12.4%. Workers in Wallace Ridge have an average one-way commute time of 29.9 minutes.
Education & Demographics
17.5% of Wallace Ridge residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.8% of the population being foreign-born.
Cost of Living in Wallace Ridge, LA
Compared to national averages, Wallace Ridge has a median household income of $61,136 (19% below the national median of $75,149). Home values average $159,400, which is 35% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Louisiana, Wallace Ridge's income is 12% above the state average of $54,685, and home values are 2% above the state median of $156,619.
Why Live in Wallace Ridge, LA?
Wallace Ridge offers affordable housing with a median home value of $159,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($61,136) that falls below the national average. However, Wallace Ridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wallace Ridge has a population of 660 with a median age of 29.3 years. Compare Wallace Ridge with other cities to see how it stacks up, or explore all cities in Louisiana.
Similar Cities Near Wallace Ridge
Cities in Louisiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marion | 661 | $27,143 | $127,500 | Compare |
| Martin | 674 | $57,684 | $121,700 | Compare |
| Center Point | 645 | $0 | $184,700 | Compare |
| Grand Isle | 644 | $0 | $266,100 | Compare |
| Centerville | 643 | $0 | $326,700 | Compare |
| Chatham | 678 | $31,458 | $45,000 | Compare |
| Mangham | 642 | $41,058 | $113,800 | Compare |
| Lemannville | 680 | $16,181 | $0 | 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.
Compare Wallace Ridge With Other Cities
Frequently Asked Questions about Wallace Ridge
What is the population of Wallace Ridge, LA?
The population of Wallace Ridge, LA is 660 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Louisiana.
What is the median household income in Wallace Ridge?
The median household income in Wallace Ridge, LA is $61,136 per year, which is 19% below the national median of $75,149.
What is the median home value in Wallace Ridge?
The median home value in Wallace Ridge, LA is $159,400, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wallace Ridge?
The median monthly rent in Wallace Ridge, LA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Wallace Ridge?
The unemployment rate in Wallace Ridge, LA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wallace Ridge, LA a good place to live?
Wallace Ridge offers a moderate cost of living, affordable housing, and a strong job market. With a population of 660 and a median age of 29.3, the city appeals to young professionals and families.
How educated is Wallace Ridge, LA?
17.5% of residents in Wallace Ridge aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wallace Ridge?
Key cost-of-living indicators for Wallace Ridge, LA: median home value is $159,400 (35% below national), median rent is $0/month, and median household income is $61,136. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wallace Ridge?
The poverty rate in Wallace Ridge, LA is 26.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Wallace Ridge, LA?
Wallace Ridge's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 31.4% two or more races. 1.8% of residents are foreign-born.