Crime
This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Located in the state of Florida, Wallace is a smaller city with a population of 2,631 residents. At 84%, the majority of the Wallace population is White; this is followed by 4% Asian and 0% Black. Wallace is known to be family friendly as more than 76% of the population has already tied the knot. It might also be worth noting that 37% of residents also have children under the age of 18. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Wallace entails a longer-than-average one-way commute time, averaging 34 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Wallace, Florida could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like crime, commute, employment and other key data points, finding the best places to live in Wallace and in the areas around Wallace is a much easier task.
With a livability score of 65/100, Wallace is ranked #10,610 in the United States and #550 in Florida. For each of the livability categories, we know that Wallace ranks very well for crime (A+), cost of living (B), employment (A+) and housing (A+). Wallace does not fare well for the following: amenities (F). It might be a smart idea to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Wallace, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.26% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Wallace market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Wallace real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Wallace. Median real estate prices in Wallace come in at $289,400, which is 73.5% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Wallace, the home price to income ratio is 3.5, which is 2.9% higher than the Florida average.
| Statistic | Wallace | Florida | National |
| Average one way commute | 34min | 27min | 26min |
| Workers who drive to work | 85.6% | 79.5% | 76.4% |
| Workers who carpool | 8.4% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 0.3% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 1.5% | 2.8% |
| Working from home | 4.0% | 5.4% | 4.6% |
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