C+

Wallace, NC

Source:

Affordability Score: 63/100

Population: 10,103 · 1 ZIP codes

The affordability dashboard for Wallace, NC aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 10,103 residents, then layers in county-level federal data to produce an overall grade of C+ (63/100). The headline inputs are median household income of $65,558, median home value of $193,300, median rent of $860 per month, and 23.2% 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 $980 per month (studio $742, 1BR $747, 3BR $1,175, 4BR $1,377). Department of Labor data lists infant center-based childcare at $6,831 per year, consuming 10% 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, NC include rent. Pressure points are education. Unemployment currently reads 5.6% and poverty 19.9% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$65,558
Median household income
Education F
23.2%
Bachelor's degree or higher
Housing B-
2.9x
Home value $193,300 vs income
Commute C
24 min
Average commute time
Rent A-
$980/mo
2BR fair market rent (18% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare B
$6,831/yr
Center-based infant care (10% of income)

Income & Employment

Median Income
$65,558
▲ 6% vs national
Per Capita Income
$34,796
Unemployment Rate
5.6%
Poverty Rate
19.9%

Housing

Median Home Value
$193,300
▼ 30% vs national
Median Rent
$860/mo
Owner Occupied
71.1%
2BR Fair Market Rent
$980/mo
▼ 18% vs national

Fair Market Rents by Bedroom

Studio
$742
1BR
$747
2BR
$980
3BR
$1,175
4BR
$1,377

Safety

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

Education & Family

Bachelor's Degree+
23.2%
▼ 7 ppt vs national
High School+
53.3%
Median Age
45.2
Avg. Commute
24 min
▼ 2 min vs national

Childcare Costs

Infant (Center)
$6,831/yr
10% of income
Toddler (Center)
$6,794/yr
Preschool (Center)
$6,568/yr
School-Age (Center)
$3,558/yr

What This Means

Wallace, NC receives an overall affordability grade of C+ (63/100), aggregated from 1 ZIP codes with a total population of 10,103. 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

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What are common questions about this dashboard?

Is Wallace, NC affordable?
Wallace, NC receives an overall affordability grade of C+ (63/100) based on Census, HUD, FBI, and DOL data. Median household income is $65,558. Median home value is $193,300.
What is the cost of living in Wallace?
Key cost metrics: Median rent $860/mo. 2BR fair market rent $980/mo. Infant childcare $6,831/yr. Median home value $193,300.
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 →