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Wallace, IN
Town in Fountain County, Indiana.
Population
140
Land area
0.1sq mi
People per sq mi
981
ZIP codes
0
Wallace and its ZIP codes
Wallace at a glance
- Wallace is about 5.1 times as dense as Indiana as a whole.
Local data for Wallace, IN
Counts from official public data
Economy and federal money
Jobs, pay, income and spending are for Fountain County. PPP loans are for Wallace.
Unemployment rate
3.7%
Sep 2026, +0.2 pts in a year
Average annual pay
$47,910
4,710 jobs, 2025
Income per person
$53,785
BEA, 2024
Federal spending
$119M
FY 2026, $7,223 per person
Environment and hazard risk
Wallace, IN, from FEMA, NOAA and EPA
Natural hazard risk
Very Low
Top: lightning
Storm events since 1996
324
Countywide, mostly thunderstorm wind
Flood insurance policies
8
0.1% of homes, county
July high / Jan low
86° / 17°F
47.4 inches of rain a year
Health statistics
Share of adults in Wallace, IN, CDC PLACES estimates
Obesity
40.9%
U.S. 33.3% +7.6 pts
Diabetes
12.4%
U.S. 12.1% about the same
Smoking
18.7%
U.S. 12.8% +5.9 pts
Uninsured (18-64)
9.2%
U.S. 11.1% -1.9 pts
Cities near Wallace
| Name | Distance | Land area (sq mi) |
|---|---|---|
| AlamoTown | 4.9 mi | 0.1 |
| KingmanTown | 7.2 mi | 0.7 |
| WaynetownTown | 8.2 mi | 0.4 |
| HillsboroTown | 8.3 mi | 0.3 |
| Lake Holiday HideawayCensus-designated place | 8.6 mi | 0.5 |
| WavelandTown | 9.4 mi | 0.3 |
| MarshallTown | 10 mi | 0.3 |
| Lake HolidayCensus-designated place | 10 mi | 2.6 |
| VeedersburgTown | 10 mi | 3 |
| CatesCensus-designated place | 10 mi | 0.2 |
| MellottTown | 12 mi | 0.3 |
| JudsonCensus-designated place | 12 mi | 0.1 |
| BloomingdaleTown | 12 mi | 0.6 |
| New MarketTown | 12 mi | 0.3 |
| RussellvilleTown | 13 mi | 0.2 |
| WingateTown | 13 mi | 0.2 |
Frequently asked questions
- What county is Wallace, IN in?
- Wallace is in Fountain County, Indiana.
- What is the population of Wallace, IN?
- About 140 people live in Wallace, based on American Community Survey 5-year estimates.
- What cities are near Wallace?
- Nearby places include Alamo (4.9 mi), Kingman (7.2 mi), Waynetown (8.2 mi), Hillsboro (8.3 mi), Lake Holiday Hideaway (8.6 mi).
Source: U.S. Census Bureau (TIGER/Line boundaries, American Community Survey) · Data as of 12/31/2023