| Index | Wallace | Nebraska | National |
| Average Test Scores | 60% | 53% | 48% |
| Student/Teacher ratio | n/a | 13:1 | 16:1 |
| Total public schools | n/a | 780 | 79,221 |
| Total private schools | n/a | 182 | 24,874 |
| Total post-secondary schools | n/a | 56 | 7,963 |
| Index | Wallace | Nebraska | National |
| Completed 8th grade | 82.0% | 88.4% | 84.3% |
| Completed high school | 80.5% | 87.2% | 83.0% |
| Completed some college | 63.9% | 63.7% | 59.4% |
| Completed associate degree | 36.1% | 40.1% | 38.5% |
| Completed bachelors | 25.9% | 30.0% | 30.3% |
| Completed masters | 3.9% | 9.9% | 11.5% |
| Completed professional degree | 2.0% | 2.9% | 3.3% |
| Completed doctorate | 1.0% | 1.2% | 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, NE schools is 60%. The average student to teacher ratio is n/a. In Wallace, NE, an average of 82.0% of students have completed 8th grade and an average of 80.5% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Wallace, NE | 279 | 60% | 25.0% |
| City | Population | Avg. Test Scores | National Avg. |
| Harrison, ID | 279 | 38% | 21.9% |
| Kelliher, MN | 279 | 42% | 12.5% |
| Saco, MT | 279 | 43% | 11.5% |
| Belleville, NY | 279 | 54% | 12.5% |
| Shickley, NE | 278 | 60% | 25.0% |
| Wallace, NE | 279 | 60% | 25.0% |
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