Being a small town, Wallace does not have a public transit system used by locals to get to and from work.
The citizens of Wallace are slightly less educated than the national average of 21.84% for the average city or town: 14.59% of adults in Wallace have a bachelor's degree or advanced degree
The per capita income in Wallace in 2022 was $27,531, which is lower middle income relative to North Carolina and the nation. This equates to an annual income of $110,124 for a family of four. However, Wallace contains both very wealthy and poor people as well.
Wallace is an extremely ethnically-diverse town. The people who call Wallace home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Wallace residents report their race to be White, followed by Black or African-American. Wallace also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.50% of the town’s residents. Important ancestries of people in Wallace include English, German, Scottish, Irish, and Polish.
The most common language spoken in Wallace is English. Other important languages spoken here include Spanish and Italian.
