Wallace is a small town of 287 in Nebraska, with a median household income of $60,781
.
Its cost of living index is 88 (US average = 100), which is
12% below the national average.
Strengths:
Wallace stands out for an affordable cost of living, below-average home prices, solid school ratings (A-), 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: 87.5
Wallace's overall cost of living index is 87.5,
where 100 represents the US national average.
Living in Wallace costs roughly 12% less than the average American city.
Metric
Wallace, NE
National Avg
Median Home Value
$105,800
$244,900
Median Monthly Rent
$683
$1,163
Homeownership Rate
79.0%
65.9%
Median Household Income
$60,781
$74,755
Crime & Safety
Very Safe
Wallace's violent crime rate is 108.8 per 100,000 residents
— 71% lower than the national average of ~380 per 100,000.
Violent Crime
108.8 /100k
Property Crime
1770.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Wallace is served primarily by WALLACE PUBLIC SCH DIST 65 R.
The student-to-teacher ratio is 7.4:1
(better than the national average of ~16:1).
Metric
Wallace, NE
National Avg
School District
WALLACE PUBLIC SCH DIST 65 R
—
Elementary Schools
1
—
Middle Schools
N/A
—
High Schools
1
—
Student/Teacher Ratio
7.4:1
16:1
Bachelor's Degree or Higher
34.9%
35.4%
High School Diploma or Higher
90.8%
91.1%
Weather & Climate
Wallace sees average highs of 39.3°F in January
and 89.0°F in July,
with 21.4 inches of annual precipitation
and 22.0 inches of snow per year.
Wallace's cost of living index is 88, where 100 is the national average.
That makes Wallace roughly 12% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $105,800 and median rent is $683/month.
Wallace's violent crime rate is 108.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1770.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Wallace are operated by WALLACE PUBLIC SCH DIST 65 R.
The district has 1 elementary, several middle, and 1 high schools.
The student-to-teacher ratio is 7.4:1. 34.9% of adults 25+ hold a bachelor's degree or higher.
Wallace, NE has a population of 287, a median household income of $60,781, and an unemployment rate of 0.0%.
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 39.3°F in January and 89.0°F in July. Annual rainfall is 21.4 inches
with about 22.0 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Wallace, NE is covered by 1 ZIP code: 69169.
The population of Wallace, Nebraska is 287 with a median age of 43.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Wallace: cost of living index 88 (100 = US average), median home $105,800, median household income $60,781, crime index 51 (100 = US average, lower is safer), schools rated A-. 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.
