Wallace is located in Lincoln county Nebraska with a geographic area of 0.7 square miles. The total population in Wallace is 279 with 42.7% male and 57.3% female. Children under age 5 represent 4.3% of the population, under age 18 equal 18.6% of the population and over age 65 is 34.4% of the population. The median household income is $53,750, per capita income is $30,009. There are a total of 120 housing units with 73.3% owner occupied. Education includes 29.2% of residents that are high school graduates and 34.2% with a bachelor's degree or higher. The average temperature in Wallace in the summer is 72 degrees, and in the winter 26 degrees.
