Wallace, FL has a population of 1,675 and is the 12,056th largest city in the United States. The population density is 142 per sq mi which is 51% lower than the Florida average and 57% higher than the national average. The median age in Wallace is 47 which is approximately 13% higher than the Florida average of 42. In Wallace, 64% of the population over 15 years of age are married, 99% speak English and 1% speak Spanish. 48% of Wallace residents were born in Florida, 49% were born out of state, 1% were born outside of the United States and 2% were foreign born.