Cost of Living in Wallace, IN
Population: 136 | Indiana
Wallace is 20% less expensive than the national average.
Cost of Living in Wallace, IN: What You Need to Know
With a cost of living index of 80, Wallace, IN is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Indiana state average. Wallace is a small community of 136 residents.
The median household income in Wallace is $65,625, which is 13% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
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.
Income
- Median Household Income
- $65,625
- vs US Median ($75,149)
- -13%
Housing
- Median Home Value
- $92,500
- Median Monthly Housing Cost
- $950/mo