Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.1 yrs |
|---|---|
| Avg HH Size | 2.12 |
| Below Poverty | 22.3% ▲ 123% above avg |
| College Grads | 17.8% ▼ 54% below avg |
| Unemployment | 4.1% ▼ 17% below avg |
| No HS Diploma | 12 (0.9%) |
| HS Graduate | 864 (61.5%) |
| Some College | 171 (12.2%) |
| Associates | 107 (7.6%) |
| Bachelors | 188 (13.4%) |
| Graduate Degree | 62 (4.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $33,125 ▼ 57% below avg |
|---|---|
| Median Home Value | $58,400 ▼ 79% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $844/mo |
| Total Housing Units | 1,135 |
| Vacant Units | 212 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Wallace is a city in South Carolina, located in Marlboro County. The city spans 1 ZIP code and is home to approximately 1,972 residents. It is a mature city, with a median age of 48.1 years.
Economically, Wallace is a lower-income community. The median household income of $33,125 is well below the national average. Approximately 22.3% of residents live below the poverty line. The unemployment rate is 4.1%, below the national average.
The real estate market in Wallace is one of the more affordable housing markets in the country. Median home values stand at $58,400, which is well below the national average. Renters typically pay around $844 per month. Homeownership is high at 86.4%, typical of suburban and family-oriented communities.
The population of Wallace is less-educated. 17.8% of adults hold a bachelor's degree or higher — well below the national average. The community is majority White (50.71%).
Wallace, SC offers residents a cost-conscious lifestyle within South Carolina.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 29596 | 1,972 | $33,125 | $58,400 | $844 | 4.1% | 17.8% | 86.4% |