South Dakota · Census place 68420
Wallace town, SD
Quick answer
Wallace town has 67 residents, ranking #343 of 485 places in South Dakota. Median household income is $53,750, the median home is worth $85,600 and median gross rent runs $575 a month.
- Population
- 67Wallace town residents
- Median household income
- $53,750Past 12 months, inflation adjusted
- Median home value
- $85,600Owner-occupied units
- Median gross rent
- $575Rent plus utilities, monthly
- Median age
- 48.5 yrsAll residents
- Homeownership rate
- 84%Owner-occupied households
What the numbers mean in Wallace town
Housing cost measured against local earnings.
A household earning the Wallace town median would spend about 12.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3% of residents and 84% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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