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Wallace, NE

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Wallace is a tiny village located in the state of Nebraska. With a population of 302 people and just one neighborhood, Wallace is the 193rd largest community in Nebraska. Wallace has a large stock of pre-World War II architecture, making it one of the older and more historic villages in the country.

Wallace real estate is some of the most expensive in Nebraska, although Wallace house values don't compare to the most expensive real estate in the U.S.

Occupations and Workforce

Because occupations involving physical labor dominate the local economy, Wallace is generally considered to be a blue-collar town. 46.36% of the Wallace workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Wallace is a village of managers, transportation and shipping workers, and construction workers and builders. There are especially a lot of people living in Wallace who work in business and financial occupations (12.73%), management occupations (9.09%), and office and administrative support (8.18%).

Of important note, Wallace is also a village of artists. Wallace has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Wallace’s character.

Setting & Lifestyle

Because of many things, Wallace is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Wallace really has some of the features that families look for when choosing a good community to raise children. Is Wallace perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

The village is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Wallace has relatively fewer families with younger children, and/or college students. Combined, this makes Wallace a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.

Residents of the village have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 16.16 minutes getting to work every day.

As is often the case in a small village, Wallace doesn't have a public transportation system that people use for their commute.

Demographics

The education level of Wallace citizens is substantially higher than the typical US community, as 32.88% of adults in Wallace have at least a bachelor's degree.

The per capita income in Wallace in 2022 was $33,260, which is lower middle income relative to Nebraska, and middle income relative to the rest of the US. This equates to an annual income of $133,040 for a family of four. However, Wallace contains both very wealthy and poor people as well.

Wallace is a somewhat ethnically-diverse village. 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. Wallace also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 13.60% of the village’s residents. Important ancestries of people in Wallace include German, Swedish, Irish, English, and European.

The most common language spoken in Wallace is English. Other important languages spoken here include Spanish and Italian.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Wallace, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 98.6% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

In addition, if you're looking for a great spot to raise a family, then look no further than the neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 13.6% of family-friendly neighborhoods across the state of Nebraska. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for active retirees.

Real Estate

This neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. Based on NeighborhoodScout's exclusive analysis, with only 5 people per square mile living here, this neighborhood is less crowded than 98.4% of America.

Diversity

Did you know that the neighborhood has more German and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 40.3% of this neighborhood's residents have German ancestry and 2.5% have Danish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Wallace are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.5% of the neighborhoods in America. In addition, 4.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 66.2% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 36.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 31.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.3%), and 8.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 96.5% of households. Some people also speak Polish (4.0%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the neighborhood in Wallace, NE, residents most commonly identify their ethnicity or ancestry as German (40.3%). There are also a number of people of Irish ancestry (12.3%), and residents who report English roots (8.4%), and some of the residents are also of Mexican ancestry (3.6%), along with some Swedish ancestry residents (3.6%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (52.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (86.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Economics & Demographics include:
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Migration & Mobility
Race & Ethnic Diversity
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Higher Education Attainment
Crime includes:
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Schools include:
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