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. For every 100 females there are 107.6 males.
Data after 2023 is projected based on recent change
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.
White (72.11%)
Two or more races (17.12%)
Asian (7.19%)
Black or African American (2.27%)
Other race (1.24%)
Native American (0.08%)
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% |
Married
Widowed
Divorced
Separated
Never Married
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%.
Name | Median | Mean |
|---|---|---|
| Married Families | $119,936 | - |
| Families | $118,985 | $161,854 |
| Households | $115,216 | $142,146 |
| Non Families | - | $57,696 |
Average Income
Median Household Income
Poverty Rate