C

Wallace, MI

Source:

Affordability Score: 58/100

Population: 1,784 · 1 ZIP codes

The affordability dashboard for Wallace, MI aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 1,784 residents, then layers in county-level federal data to produce an overall grade of C (58/100). The headline inputs are median household income of $63,125, median home value of $197,600, median rent of $763 per month, and 17.5% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $973 per month (studio $697, 1BR $771, 3BR $1,353, 4BR $1,380). Department of Labor data lists infant center-based childcare at $7,665 per year, consuming 12% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Wallace, MI include rent. Pressure points are education. Unemployment currently reads 3.9% and poverty 8.7% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$63,125
Median household income
Education F
17.5%
Bachelor's degree or higher
Housing C+
3.1x
Home value $197,600 vs income
Commute C
24 min
Average commute time
Rent A-
$973/mo
2BR fair market rent (18% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C+
$7,665/yr
Center-based infant care (12% of income)

Income & Employment

Median Income
$63,125
▲ 2% vs national
Per Capita Income
$41,469
Unemployment Rate
3.9%
Poverty Rate
8.7%

Housing

Median Home Value
$197,600
▼ 28% vs national
Median Rent
$763/mo
Owner Occupied
92.4%
2BR Fair Market Rent
$973/mo
▼ 19% vs national

Fair Market Rents by Bedroom

Studio
$697
1BR
$771
2BR
$973
3BR
$1,353
4BR
$1,380

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
17.5%
▼ 12 ppt vs national
High School+
56.8%
Median Age
59.3
Avg. Commute
24 min
▼ 2 min vs national

Childcare Costs

Infant (Center)
$7,665/yr
12% of income
Toddler (Center)
$8,309/yr
Preschool (Center)
$8,309/yr
School-Age (Center)
$8,904/yr

What This Means

Wallace, MI receives an overall affordability grade of C (58/100), aggregated from 1 ZIP codes with a total population of 1,784. This area performs well in rent. Challenges include education. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Wallace ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Wallace, MI affordable?
Wallace, MI receives an overall affordability grade of C (58/100) based on Census, HUD, FBI, and DOL data. Median household income is $63,125. Median home value is $197,600.
What is the cost of living in Wallace?
Key cost metrics: Median rent $763/mo. 2BR fair market rent $973/mo. Infant childcare $7,665/yr. Median home value $197,600.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →