Wallace, ID Profile: Facts & Data

The primary coordinate point for Wallace is located at latitude 47.4741 and longitude -115.9279 in Shoshone County. The formal boundaries for the City of Wallace encompass a land area of 0.84 sq. miles and a water area of 0 sq. miles. Shoshone County is in the Pacific time zone (GMT -8).

The City of Wallace has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Idaho is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Wallace is located within Osburn-Wallace Division of Shoshone County.

Wallace, ID Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	902 (100%)
Population in Households	881 (97.7%)
Population in Families	588 (65.2%)
Population in Group Quarters¹	21 ( 2.3%)
Population Density	993
Diversity Index²	29


INCOME
Median Household Income	$62,392
Average Household Income	$77,912
% of Income for Mortgage⁴	29%
Per Capita Income	$34,926
Wealth Index⁵	52
Socioeconomic Status Index⁶	Moderate (51.9)

HOUSING
Total HU (Housing Units)	580 (100%)
Owner Occupied HU	220 (37.9%)
Renter Occupied HU	184 (31.7%)
Vacant Housing Units	176 (30.3%)
Median Home Value	$290,217
Average Home Value	$330,330
Housing Affordability Index³	83

HOUSEHOLDS
Total Households	404
Average Household Size	2.18
Family Households	190
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Wallace, ID - Peer Comparisons by Rank and Percentile

The table below compares Wallace to the other 236 incorporated cities, towns and CDPs in Idaho by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2025	2025-2030
Population	2.53%	1.21%
Households	0.33%	0.83%
Families		0.31%
Median Household Income		3.19%
Per Capita Income		0.72%
Owner Occupied HU		1.41%

Variable Description	Rank	Percentile
Total Population	# 101	58th
Population Density	# 105	56th
Median Household Income	# 160	33rd
Housing Affordability Index	# 167	71st
Per Capita Income	# 106	56th
Diversity Index	# 136	43rd

Wallace, ID Profile: Facts & Data

Wallace, Idaho - Basic Facts

Wallace, ID Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wallace, ID - Peer Comparisons by Rank and Percentile

Wallace, ID - Most Popular Things to Do

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