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Demographics
Population
Median Income
Racial Distributions
Wallace, California (zip code 95254) is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 388 residents and a median income of $74,351, which is above the national median income.
Over the past decade, Wallace has maintained its status as a "White Majority" community, despite some fluctuations in racial composition. From 2013 to 2019, the white population percentage decreased from 78% to 68%, while the Hispanic population increased from 12% to 27%. This trend peaked in 2019, bringing the community close to a "Moderate Diversity" classification. However, from 2020 to 2022, this trend reversed, with the white population increasing to 90% and the Hispanic population decreasing to 9%, reinforcing the area's "Low Diversity" status.
The median income in Wallace has shown considerable volatility over the past decade. There was an increase from $79,682 in 2013 to a peak of $97,129 in 2016, coinciding with the period of increasing diversity. From 2016 to 2019, there was a sharp decline in median income to $68,570, aligning with the period of highest diversity in the community. Since 2019, the median income has rebounded somewhat, reaching $74,351 in 2022, coinciding with the return to a more homogeneous racial composition.
These economic trends suggest a potential correlation between increased racial diversity and economic volatility in this small community. However, in such a small population, individual household changes can have a significant impact on overall statistics.
Wallace has maintained its "White Majority" status throughout the decade. Its brief trend towards increased diversity from 2013 to 2019 aligns with broader national trends of increasing diversity in many communities. However, the reversal of this trend in recent years is somewhat atypical compared to national patterns.
The community's median income, while fluctuating, has generally remained above the national median, suggesting a relatively affluent area. The recent trend of increasing homogeneity coupled with rising incomes could indicate a pattern of gentrification or changing local economic conditions that may be influencing demographic composition.
In such a small community, changes in just a few households can significantly impact overall demographic and economic statistics. Therefore, these trends should be interpreted cautiously and in the context of broader regional patterns in California's rural communities.