Wallace, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Wallace, MI: Quick Facts & Overview
- Population: 1,320 residents (80 people per sq. mi.)
- Average House Price: $197,274
- Average Household Income: $63,125
Wallace, MI is located in the state of Michigan. It is home to about 1,320 people, with around 80 residents living in every square mile.
If you want to buy a house in Wallace, the average price is around $197,274. That makes local housing 11% lower than the Michigan average of $221,733, and 36% lower than the national average of $308,592.
The average household in Wallace earns about $63,125 a year. This income is 14% lower than the average family in Michigan ($73,374), and 20% lower than the national average ($78,686).
Population
1,320
Median Household Income
$63,125
Median Home Value
$197,274
Median Age
59.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $42,000 |
| Labor Force Participation | 49.5% |
| Unemployment Rate | 3.9% |
| Average Commute Time | 24.0 mins |
Housing & Community Metrics
| Home Ownership Rate | 92.4% |
| Median Rent | $763 |
| Rent Burdened (>30% Income) | 13.5% |
| Total Housing Units | 621 |
Additional Census & Housing Profile
Geographic Overview
| County | Menominee |
| County FIPS | 26109 |
| Metro Area (CBSA) | Marinette, WI-MI |
| Combined Area (CSA) | Marinette-Iron Mountain, WI-MI |
| Population Density | 80.0/sq mi |
| Coordinates (lat/lng) | 45.3261, -87.6140 |
| Timezone | America/Menominee |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.69 |
| Dual Income Families | 44.4% |
Marital Status
| Married | 64.0% |
| Never Married | 20.3% |
| Divorced | 7.8% |
| Widowed | 7.9% |
Gender
| Male | 53.3% |
| Female | 46.7% |
Health & Poverty
| Uninsured Rate (Health) | 7.2% |
| Poverty Rate | 8.7% |
Key Population Groups
| Veterans | 8.4% |
| Disabled Population | 11.8% |
| Limited English Proficiency | 1.6% |
All ZIP Codes in Wallace
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49893 | 1,320 | $63,125 | $197,274 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Stephenson, MI | 6.1 miles | 902 |
| Daggett, MI | 9.4 miles | 174 |
| Menominee, MI | 14.1 miles | 8,326 |
| Marinette, WI | 16.5 miles | 11,115 |
| Wausaukee, WI | 17 miles | 531 |
| Carney, MI | 18.7 miles | 177 |
| Peshtigo, WI | 19.8 miles | 3,398 |
| Crivitz, WI | 20.1 miles | 993 |
| Amberg, WI | 22 miles | 185 |
| Ephraim, WI | 24.6 miles | 412 |
| Egg Harbor, WI | 24.8 miles | 343 |
| Powers, MI | 25.3 miles | 360 |
| Sister Bay, WI | 25.7 miles | 1,044 |
| Pound, WI | 25.9 miles | 379 |
| Hermansville, MI | 26.5 miles | 666 |
| Ellison Bay, WI | 26.8 miles | 186 |
| Coleman, WI | 27.2 miles | 942 |
| Pembine, WI | 28.2 miles | 269 |
| Baileys Harbor, WI | 29.5 miles | 386 |
| Oconto, WI | 32.5 miles | 4,625 |
| Lena, WI | 33.3 miles | 483 |
| Little Sturgeon, WI | 33.5 miles | 111 |
| Norway, MI | 35.8 miles | 2,833 |
| Niagara, WI | 36.5 miles | 1,464 |
| Sturgeon Bay, WI | 36.8 miles | 9,806 |
| Quinnesec, MI | 37.8 miles | 892 |
| Escanaba, MI | 38.6 miles | 12,354 |
| Kingsford, MI | 40.6 miles | 5,124 |
| Oconto Falls, WI | 40.6 miles | 3,001 |
| Iron Mountain, MI | 40.8 miles | 7,518 |
| Goodman, WI | 41.2 miles | 170 |
| Mountain, WI | 42.6 miles | 250 |
| Suring, WI | 43.1 miles | 411 |
| Abrams, WI | 43.6 miles | 278 |
| Lakewood, WI | 43.8 miles | 182 |
| Forestville, WI | 44.4 miles | 558 |
| Gillett, WI | 45.3 miles | 1,209 |
| Gladstone, MI | 45.9 miles | 5,253 |
| Sobieski, WI | 47.2 miles | 382 |
| Dyckesville, WI | 48 miles | 391 |
| Pulcifer, WI | 49.1 miles | 145 |
| Algoma, WI | 50.4 miles | 3,228 |
| Krakow, WI | 50.4 miles | 301 |