| Index | Wallace | Indiana | National |
| Average Test Scores | n/a | 46% | 48% |
| Student/Teacher ratio | n/a | 22:1 | 16:1 |
| Total public schools | n/a | 1,755 | 79,221 |
| Total private schools | n/a | 675 | 24,874 |
| Total post-secondary schools | n/a | 141 | 7,963 |
| Index | Wallace | Indiana | National |
| Completed 8th grade | 67.1% | 84.6% | 84.3% |
| Completed high school | 67.1% | 82.9% | 83.0% |
| Completed some college | 37.0% | 53.8% | 59.4% |
| Completed associate degree | 13.7% | 33.0% | 38.5% |
| Completed bachelors | 13.7% | 24.6% | 30.3% |
| Completed masters | 0.0% | 8.9% | 11.5% |
| Completed professional degree | 0.0% | 2.4% | 3.3% |
| Completed doctorate | 0.0% | 1.0% | 1.3% |
There are a total of n/a public schools, n/a private schools and n/a post-secondary schools in Wallace. Using the proficiency score averages, the average test scores for Wallace, IN schools is n/a. The average student to teacher ratio is n/a. In Wallace, IN, an average of 67.1% of students have completed 8th grade and an average of 67.1% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| New Market, IN | 639 | 60% | 24.0% |
| Covington, IN | 2,572 | 57% | 18.4% |
| Veedersburg, IN | 1,989 | 45% | 6.8% |
| Crawfordsville, IN | 16,088 | 44% | 8.0% |
| Marshall, IN | 374 | 42% | 13.5% |
| Wallace, IN | 101 | n/a |
| City | Population | Avg. Test Scores | National Avg. |
| Whale Pass, AK | 101 | 50% | 4.2% |
| Vance, SC | 102 | 27% | 43.8% |
| Hull, GA | 102 | 48% | 1.0% |
| Miami, MO | 102 | 40% | 16.7% |
| Dora, NM | 102 | 40% | 17.7% |
| Wallace, IN | 101 | n/a |
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