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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 307 people and just one neighborhood, Wallace is the 193rd largest community in Nebraska. Wallace has an unusually large stock of pre-World War II architecture, making it one of the older and more historic villages.

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

When you are in Wallace, you'll notice that it is more blue-collar than most other communities in America. 43.51% of Wallace’s employed work in blue-collar jobs, while America averages only 27.7% that do. Overall, Wallace is a village of professionals, construction workers and builders, and sales and office workers. There are especially a lot of people living in Wallace who work in office and administrative support (12.98%), business and financial occupations (8.40%), and management occupations (7.63%).

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.

Telecommuters are a relatively large percentage of the workforce: 8.46% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

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.

Residents will find that the village is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Wallace is worth considering.

Compared to the rest of the country, citizens of Wallace spend much less time in their cars: on average, their commute to work is only 17.21 minutes. This also means that noise and pollution levels in the village are less than they would otherwise be.

Being a small village, Wallace does not have a public transit system used by locals to get to and from work.

Demographics

The citizens of Wallace are very well educated compared to the average community in the nation: 34.86% of adults in Wallace have a bachelor's degree or even advanced degree.

The per capita income in Wallace in 2022 was $33,028, which is middle income relative to Nebraska and the nation. This equates to an annual income of $132,112 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 14.29% of the village’s residents. Important ancestries of people in Wallace include German, Swedish, Irish, Norwegian, and European.

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

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

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.

Modes of Transportation

While most Americans do drive to work alone each day, the neighborhood stands out by having 89.8% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 96.1% of all American neighborhoods.

People

Astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 96.1% 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 planning where to retire, the neighborhood in Wallace is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in NE, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.5% of the neighborhoods in Nebraska. If you are considering retiring to Nebraska, this is a good neighborhood to look at. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the neighborhood has more Danish and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Danish ancestry and 36.2% have German ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this 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 61.7% of the neighborhoods in America. In addition, 5.4% 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 63.4% 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, 34.3% 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 30.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.6%), and 9.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 95.7% 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 (36.2%). There are also a number of people of Irish ancestry (12.0%), and residents who report English roots (8.5%), and some of the residents are also of Mexican ancestry (5.9%), along with some Norwegian ancestry residents (3.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (51.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.8%) 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 (6.0%) . 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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