Wallace, SD
Population 67 · South Dakota
About Wallace, SD
Wallace is a small community in South Dakota with a population of 67 residents. The median household income is $53,750 per year, which is near the national average. The median age in Wallace is 48.5 years.
Housing in Wallace has a median home value of $85,600 and median monthly rent of $575. Of the 33 total housing units, the majority are owner-occupied, with 21 owner-occupied and 4 renter-occupied units.
The unemployment rate in Wallace is 0.0% and the poverty rate is 3.0%. 17.8% of residents hold a bachelor's degree or higher. The average commute time is 35.5 minutes.
Cost of Living in Wallace, SD
Compared to national averages, Wallace has a median household income of $53,750 (28% below the national median of $75,149). Home values average $85,600, which is 65% below the national median. Monthly rent at $575 is 51% below the US average of $1,163. Within South Dakota, Wallace's income is 17% below the state average of $64,650, and home values are 40% below the state median of $143,757.
Why Live in Wallace, SD?
Wallace offers affordable housing with a median home value of $85,600, below the US average of $244,900, and rent that’s lower than the national average at $575/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 3.0%, better than the national average.
Potential considerations include median household income ($53,750) that falls below the national average. However, Wallace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wallace has a population of 67 with a median age of 48.5 years. Compare Wallace with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Wallace
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tolstoy | 67 | $86,875 | $0 | Compare |
| Brant Lake | 68 | $123,750 | $422,200 | Compare |
| Bushnell | 66 | $91,250 | $87,500 | Compare |
| Jamesville Colony | 66 | $0 | $0 | Compare |
| Kaylor | 68 | $0 | $0 | Compare |
| Lebanon | 68 | $48,750 | $0 | Compare |
| New Witten | 66 | $37,900 | $0 | Compare |
| Shamrock Colony | 65 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
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, SD?
The population of Wallace, SD is 67 according to the latest Census data.
What is the median household income in Wallace?
The median household income in Wallace, SD is $53,750 per year.
What is the median home value in Wallace?
The median home value in Wallace, SD is $85,600.
What is the average rent in Wallace?
The median monthly rent in Wallace, SD is $575.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace, SD is 0.0%.