Pea Ridge vs Wallace

A side-by-side comparison of Pea Ridge and Wallace: population, income, housing, and more.

Pea Ridge and Wallace are places in Florida. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Wallace has the higher population (3,965 vs 3,934 in Pea Ridge). Wallace has the higher median household income ($115,216 vs $60,350 in Pea Ridge). Wallace has the higher median home value ($377,600 vs $217,200 in Pea Ridge).

Population, income & housing

	Pea Ridge	Wallace
Population	3,934	3,965
Median age	40.5 yrs	35.9 yrs
Median household income	$60,350	$115,216
Median home value	$217,200	$377,600
Median gross rent	$1,174	$1,394
Housing units	1,483	1,353
Homeownership rate	75.4%	93.9%
Bachelor's degree or higher	21.5%	48.6%
Unemployment rate	1.3%	0.1%

Trends (ACS 5-year, 2019–2023)

	Pea Ridge	Wallace
Population	4,641 → 3,934 (-15.2%)	2,467 → 3,965 (+60.7%)
Median household income	$68,835 → $60,350 (-12.3%)	$90,139 → $115,216 (+27.8%)
Median home value	$121,200 → $217,200 (+79.2%)	$292,900 → $377,600 (+28.9%)
Median gross rent	$927 → $1,174 (+26.6%)	—

Pea Ridge

Population

4,6413,934

Median household income

$68,835$60,350

Median home value

$121,200$217,200

Median gross rent

$927$1,174

Wallace

Population

2,4673,965

Median household income

$90,139$115,216

Median home value

$292,900$377,600

Age & race/ethnicity

Age distribution (share)

	Pea Ridge	Wallace
Under 5	3.8%	11.0%
5 to 17	23.9%	17.5%
18 to 24	7.6%	5.3%
25 to 34	9.9%	15.6%
35 to 44	9.9%	11.3%
45 to 54	20.4%	7.8%
55 to 64	9.8%	12.6%
65 to 74	6.0%	12.5%
75 and over	8.7%	6.4%

Race & ethnicity (share)

	Pea Ridge	Wallace
White (non-Hispanic)	79.0%	71.9%
Black or African American	2.5%	2.3%
American Indian & Alaska Native	0.5%	0.1%
Asian	2.3%	7.2%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.8%
Two or more races	10.8%	16.3%
Hispanic or Latino	5.0%	1.5%

Educational attainment (age 25+)

Share of adults 25+

	Pea Ridge	Wallace
No high school diploma	4.6%	0.3%
High school graduate	36.3%	19.8%
Some college or associate's	37.6%	31.3%
Bachelor's degree	15.0%	33.8%
Graduate or professional degree	6.5%	14.8%

Commute to work

How workers get to work (share)

	Pea Ridge	Wallace
Drove alone	85.3%	80.8%
Carpooled	6.6%	4.1%
Public transit	0.0%	0.0%
Walked	2.1%	0.8%
Bicycle	0.0%	0.0%
Worked from home	6.1%	12.2%
Other means	0.0%	2.2%

Housing

Units in structure (share)

	Pea Ridge	Wallace
1-unit, detached	84.9%	98.0%
1-unit, attached	1.1%	0.0%
2 to 4 units	1.8%	0.0%
5 to 19 units	9.2%	0.0%
20 or more units	0.0%	2.0%
Mobile home & other	3.0%	0.0%

Poverty & households

	Pea Ridge	Wallace
Poverty rate	3.9%	7.1%
Average household size	2.77	2.92
Mean commute (minutes)	31	42
Median year structure built	1988	2011