Wallace, IN Profile: Facts, Map & Data

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Wallace, Indiana - Basic Facts

The Town of Wallace had a population of 109 as of July 1, 2017. Wallace ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Wallace is located at latitude 39.9875 and longitude -87.148 in Fountain County. The formal boundaries for the Town of Wallace (see map below) encompass a land area of 0.09 sq. miles and a water area of 0 sq. miles. Fountain County is in the Eastern time zone (GMT -5). The elevation is 702 feet.

The Town of Wallace (GNIS ID: 2397719) 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.

The Town of Wallace is located within Township of Jackson, a minor civil division (MCD) of Fountain County.

Beneath the boundary map are tables with Wallace population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Wallace: Jacksonville.


Neighborhood Data

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Town of Wallace, IN Boundary Map



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Boundary Maps: Township of Jackson | Fountain County | Indiana Counties

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Wallace, IN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 109
Daytime Population: Workers 34
Daytime Population: Residents 52
Total Daytime Population (TDP) 86
Ratio TDP/Total Population1 0.79
Population in Households 109
Population in Familes 90
Population in Group Qrtrs 0
Population Density2 1,278
Diversity Index3 4
 

INCOME

Median Household Income $38,182
Average Household Income $53,828
Per Capita Income $23,241

HOUSING

Total Housing Units 58 (100%)
Owner Occupied HU 47 (81.0%)
Renter Occupied HU 8 (13.8%)
Vacant Housing Units 3 ( 5.2%)
Median Home Value $100,000
Average Home Value $160,938
 

HOUSEHOLDS

Total Households 55
Average Household Size 1.98
Family Households 37
Average Family Size 2
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. 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 race 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.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 0.52% 0.0%
Households 0.78% 0.0%
Families 3.92% 0.0%
Median Household Income   2.04%
Per Capita Income   2.7%

Wallace, IN - Peer Comparisons by Rank and Percentile

The table below compares Wallace to the other 680 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2017 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.

Variable Description Rank Percentile
Total Population # 647 5th
Population Density # 358 48th
Diversity Index # 658 3rd
Median Household Income # 594 13th
Per Capita Income # 393 42nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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