Wallace, IN Employment - Median Household Income, Unemployment Rate

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B-

6%

Income/capita NAT. AVG.

2%

Household income NAT. AVG.

78%

Unemployment NAT. AVG.

Index	Wallace	Indiana	National
Income per capita	$41,980	$39,271	$44,883
Median household income	$82,926	$75,463	$81,333
Median income owner occupied	$82,185	$93,561	$106,172
Median income renter occupied	$0	$44,330	$52,080
Median earnings male	$56,484	$53,211	$54,343
Median earnings female	$26,434	$34,936	$38,439
Unemployment rate	1.1%	4.6%	4.9%
Poverty level	2.0%	15.0%	15.1%

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Key findings

The income per capita in Wallace is 6% lower than the national average
The median household income in Wallace is 2% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Wallace is 78% lower than the national average
The poverty level in Wallace is 87% lower than the national average

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am i middle class

$55,278 $82,926 $165,852

City

$50,303 $75,463 $150,926

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Wallace median earnings by income bracket

Wallace employment by industry

Labour Type	Male	Female
Construction industry	0.0%	0.0%
Manufacturing sector	32.4%	32.4%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	5.4%	5.4%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	16.2%	16.2%
Education, health & social services	2.7%	2.7%
Other	43.2%	43.2%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Lake Holiday, IN	1,425	$121,650	49.6%
New Richmond, IN	467	$99,725	22.6%
New Market, IN	653	$85,505	5.1%
Wingate, IN	321	$85,061	4.6%
Russellville, IN	341	$82,739	1.7%
Wallace, IN	103	$82,926	2.0%

Cities with similar population

City	Population	Household Income	National Avg.
Kasaan, AK	103	$0	100.0%
Cullomburg, AL	103	$0	100.0%
Deer Park, AL	103	$0	100.0%
Faunsdale, AL	103	$0	100.0%
Kaka, AZ	103	$67,330	17.2%
Wallace, IN	103	$82,926	2.0%

Source: The Wallace, IN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.