Wallace, SD Profile: Facts & Data

The Town of Wallace had a population of 86 as of July 1, 2024. Wallace ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in South Dakota. See peer rankings below.

The primary coordinate point for Wallace is located at latitude 45.0861 and longitude -97.4759 in Codington County. The formal boundaries for the Town of Wallace encompass a land area of 0.13 sq. miles and a water area of 0 sq. miles. Codington County is in the Central time zone (GMT -6).

The Town of Wallace has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Wallace, SD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	86 (100%)
Population in Households	86 (100.0%)
Population in Families	73 (84.9%)
Population in Group Quarters¹	0
Population Density	647
Diversity Index²	0


INCOME
Median Household Income	$81,134
Average Household Income	$96,009
% of Income for Mortgage⁴	0%
Per Capita Income	$33,491
Wealth Index⁵	78
Socioeconomic Status Index⁶	High (72.1)

HOUSING
Total HU (Housing Units)	41 (100%)
Owner Occupied HU	29 (70.7%)
Renter Occupied HU	1 ( 2.4%)
Vacant Housing Units	11 (26.8%)
Median Home Value	$277,500
Average Home Value	$323,276
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	30
Average Household Size	2.87
Family Households	18
Average Family Size	4.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Wallace, SD - Peer Comparisons by Rank and Percentile

The table below compares Wallace to the other 485 incorporated cities, towns and CDPs in South Dakota by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.32%	-1.68%
Households	2.51%	-0.68%
Families		5.92%
Median Household Income		1.26%
Per Capita Income		2.82%
Owner Occupied HU		-2.16%

Variable Description	Rank	Percentile
Total Population	# 336	32nd
Population Density	# 157	68th
Median Household Income	# 153	69th
Housing Affordability Index	# 128	26th
Per Capita Income	# 297	39th
Diversity Index	# 452	0th

Wallace, SD Profile: Facts & Data

Wallace, South Dakota - Basic Facts

Wallace, SD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wallace, SD - Peer Comparisons by Rank and Percentile

Wallace, SD - Most Popular Things to Do

Use HTL Address Research for a South Dakota Address and get...

Quick & Easy Ways to...

South Dakota Census Data Comparison Tool

Codington County