Crime
This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Located in the state of Florida, Wallace is a small-sized city with a population of 2,724 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (84% White). Given that fact, Wallace could be considered less diverse than other cities. Wallace is known to be family friendly as more than 76% of the population has already tied the knot. It might also be worth noting that 37% of residents also have children under the age of 18. An important consideration when living in Wallace is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 34 minutes, far surpassing the national average of 26 minutes.
Living in Wallace can be a positive experience for anyone relocating to the area. Having said that, in the state of Florida, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Wallace and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, health & safety, education, you will see a detailed breakdown of the most important information as well as comparisons to the Florida and national averages.
The livability score in Wallace is 65 out of 100 and the city is ranked in the 59th percentile of all cities across America. If we dig down a little deeper into each category within the livability score, we see that Wallace has higher than average rankings for the following: crime (A+), cost of living (B), employment (A+) and housing (A+). There are some categories that Wallace scores poorly for, including: amenities (F) and education (F). It might be worth taking a closer look to figure out why.
The unemployment rate in Wallace has consistently declined over the years and currently stands well below the national average at 1.3%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Wallace excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Wallace is actually affordable. Median real estate prices in Wallace come in at $524,248, which is 75% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Wallace, the home price to income ratio is 4.4, which is 4.8% higher than the Florida average.
Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.
| Statistic | Wallace | Florida | National |
| Average one way commute | 34min | 27min | 26min |
| Workers who drive to work | 85.6% | 79.5% | 76.4% |
| Workers who carpool | 8.4% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 0.3% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 1.5% | 2.8% |
| Working from home | 4.0% | 5.4% | 4.6% |
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