Cost of Living in Wallace, CA: What You Need to Know

With a cost of living index of 124, Wallace, CA is a notably expensive place to live. Living here is 24% more expensive than the national average and 19% below the California state average of 144. Wallace is a small community of 743 residents.

The median household income in Wallace is $113,462, which is 51% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Wallace. The area sees an average annual temperature of 63°F, with summers averaging 76°F and winters around 49°F. Annual rainfall totals 13.5 inches spread over roughly 57 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Housing

Median Home Value

$562,500

Median Monthly Housing Cost

$2,211/mo

Climate in Wallace

NOAA 30-year normals (1991-2020)

63°F

Avg Temperature

13.5"

Rainfall / Year

57d

Rainy Days / Year

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	57	63	69	75	83	90	95	94	90	80	67	57
Avg °F	48	52	56	61	68	74	78	77	74	66	55	48
Low °F	39	41	44	47	53	58	61	60	58	51	43	38
Rain"	2.7	2.5	1.9	1.1	0.6	0.1	0.0	0.0	0.1	0.7	1.4	2.4

Cost of Living in Wallace, CA