Wallace ID - downtown · Mandy / CC BY 2.01904WallaceIdaho · U.S. Dept. of the Interior, USGS, F. L. Ransome and Frank Cathcart Calkins / Public domainWallace Idaho 1910 fire · National Photo Company / Public domainWallacepostcard c 1956 · Unknown authorUnknown author / Public domain
Wallace is a small town of 1,083 in Idaho, with a median household income of $49,052
and a 3.5% unemployment rate.
Its cost of living index is 90 (US average = 100), which is
10% below the national average.
Strengths:
Wallace stands out for an affordable cost of living, below-average home prices, solid school ratings (B), short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Wallace is right for you depends on your priorities — the full breakdown is below.
All Wallace city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 89.8
Wallace's overall cost of living index is 89.8,
where 100 represents the US national average.
Living in Wallace costs roughly 10% less than the average American city.
Metric
Wallace, ID
National Avg
Median Home Value
$162,900
$244,900
Median Monthly Rent
$726
$1,163
Homeownership Rate
55.6%
65.9%
Median Household Income
$49,052
$74,755
Crime & Safety
Safer than Average
Wallace's violent crime rate is 372.6 per 100,000 residents
— 2% lower than the national average of ~380 per 100,000.
Violent Crime
372.6 /100k
Property Crime
799.6 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Wallace is served primarily by WALLACE DISTRICT.
The student-to-teacher ratio is 12.1:1
(better than the national average of ~16:1).
Metric
Wallace, ID
National Avg
School District
WALLACE DISTRICT
—
Elementary Schools
1
—
Middle Schools
N/A
—
High Schools
1
—
Student/Teacher Ratio
12.1:1
16:1
Bachelor's Degree or Higher
21.7%
35.4%
High School Diploma or Higher
91.0%
91.1%
Weather & Climate
Wallace sees average highs of 34.3°F in January
and 80.9°F in July,
with 37.2 inches of annual precipitation
and 75.6 inches of snow per year.
Wallace's cost of living index is 90, where 100 is the national average.
That makes Wallace roughly 10% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $162,900 and median rent is $726/month.
Wallace's violent crime rate is 372.6 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 799.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Wallace are operated by WALLACE DISTRICT.
The district has 1 elementary, several middle, and 1 high schools.
The student-to-teacher ratio is 12.1:1. 21.7% of adults 25+ hold a bachelor's degree or higher.
Wallace, ID has a population of 1,083, a median household income of $49,052, and an unemployment rate of 3.5%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Wallace averages 34.3°F in January and 80.9°F in July. Annual rainfall is 37.2 inches
with about 75.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Wallace, ID is covered by 1 ZIP code: 83873.
The population of Wallace, Idaho is 1,083 with a median age of 43.1. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Wallace: cost of living index 90 (100 = US average), median home $162,900, median household income $49,052, crime index 74 (100 = US average, lower is safer), schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare Wallace side by side with your current city to see the trade-offs.
