Wallace is located in east South Dakota. Wallace is between the Codington, Clark county. Wallace has 0.13 square miles of land area and has no water area. As of 2010-2014, the total Wallace population is 90, which has grown 4.65% since 2000. The population growth rate is much lower than the state average rate of 10.58% and is much lower than the national average rate of 11.61%. Wallace median household income is $52,917 in 2010-2014 and has grown by 90.98% since 2000. The income growth rate is much higher than the state average rate of 42.67% and is much higher than the national average rate of 27.36%. Wallace median house value is $34,500 in 2010-2014 and has grown by 72.50% since 2000. The house value growth rate is about the same as the state average rate of 70.48% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Wallace is much better than the state average in quality. The Wallace area code is 605.