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Demographics
Population
Median Income
Racial Distributions
The zip code 69169 in Wallace, Nebraska, is classified as having Low Diversity as of 2022. The population is 91% white, which aligns with the definition of Low Diversity where one racial group comprises over 75% of the population with minimal representation from other groups.
From 2013 to 2022, Wallace has maintained its Low Diversity status. The white population has remained dominant, fluctuating between 85% and 93%. The Hispanic population has varied between 5% and 10%, decreasing from 10% in 2013 to 7% in 2022. The category of Two or More Races increased from 0% in 2013 to 9% in 2018, before declining to 1% in 2022. A small Asian population (1%) appeared in the data from 2020 onwards.
The median income in Wallace has shown an upward trend, increasing from $61,780 in 2013 to $66,771 in 2022, representing an 8% growth over the decade. Simultaneously, the population has decreased from 546 in 2013 to 498 in 2022, a 9% decline.
The population decrease coupled with increased median income could indicate outmigration of lower-income residents or economic improvements benefiting the remaining population. The community has not shown signs of becoming a Transitional Community in terms of racial demographics, as the changes have been minor and not sustained.
Many rural areas in the United States have experienced similar trends of population decline and aging populations. The increase in median income despite population loss could be a result of local economic factors unique to Wallace or the surrounding region.
The persistent Low Diversity classification of Wallace is common for rural areas in the Midwest, which often have predominantly white populations. The subtle increases in diversity might reflect broader national trends of increasing diversity, even in traditionally homogeneous areas.
Wallace remains a Low Diversity community with a strong white majority. Subtle demographic shifts and economic changes over the past decade suggest a community in slow transition. The interplay between population decline and increasing median income presents a dynamic that could have implications for the future of this small Nebraska village.