Wallace

County:: Santa Rosa County
County Seat:: No
Area (mi²):: 11.764
State:: Florida

Wallace is a CDP located in Santa Rosa County, Florida. Wallace has a 2025 population of 4,119. Wallace is currently growing at a rate of 3.94% annually and its population has increased by 56.56% since the most recent census, which recorded a population of 2,631 in 2020.

The average household income in Wallace is $142,146 with a poverty rate of 7.14%.The median age in Wallace is 35.9 years: 40.1 years for males, and 33.5 years for females.

Demographics

The racial composition of Wallace includes 72.11% White, 7.19% Asian, and smaller percentages for Black or African American, other race, Native American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	2,859	72.11%
Two or more races	679	17.12%
Asian	285	7.19%
Black or African American	90	2.27%
Other race	49	1.24%
Native American	3	0.08%

Wallace Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Wallace's average per capita income is $59,924. Household income levels show a median of $115,216. The poverty rate stands at 7.14%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$119,936	-
Families	$118,985	$161,854
Households	$115,216	$142,146
Non Families	-	$57,696

$59,924

Average Income

$115,216

Median Household Income

7.14%

Poverty Rate