Magnolia vs Wallace

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

Magnolia and Wallace are places in North Carolina. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Wallace has the higher population (3,438 vs 1,109 in Magnolia). Wallace has the higher median household income ($49,358 vs $40,156 in Magnolia). Wallace has the higher median home value ($192,800 vs $76,900 in Magnolia).

Population, income & housing

	Magnolia	Wallace
Population	1,109	3,438
Median age	34.6 yrs	44.3 yrs
Median household income	$40,156	$49,358
Median home value	$76,900	$192,800
Median gross rent	$521	$833
Housing units	510	1,859
Homeownership rate	65.2%	50.4%
Bachelor's degree or higher	13.9%	14.6%
Unemployment rate	4.1%	6.2%

Trends (ACS 5-year, 2019–2023)

	Magnolia	Wallace
Population	1,092 → 1,109 (+1.6%)	3,891 → 3,438 (-11.6%)
Median household income	$36,750 → $40,156 (+9.3%)	$35,321 → $49,358 (+39.7%)
Median home value	$55,200 → $76,900 (+39.3%)	$105,400 → $192,800 (+82.9%)
Median gross rent	$658 → $521 (-20.8%)	$564 → $833 (+47.7%)

Magnolia

Population

1,0921,109

Median household income

$36,750$40,156

Median home value

$55,200$76,900

Median gross rent

$658$521

Wallace

Population

3,8913,438

Median household income

$35,321$49,358

Median home value

$105,400$192,800

Median gross rent

$564$833

Age & race/ethnicity

Age distribution (share)

	Magnolia	Wallace
Under 5	7.8%	1.6%
5 to 17	23.1%	22.2%
18 to 24	8.9%	4.1%
25 to 34	12.5%	8.8%
35 to 44	13.0%	15.0%
45 to 54	13.2%	16.7%
55 to 64	12.7%	12.0%
65 to 74	4.9%	9.6%
75 and over	3.9%	10.1%

Race & ethnicity (share)

	Magnolia	Wallace
White (non-Hispanic)	24.3%	50.0%
Black or African American	36.6%	26.7%
American Indian & Alaska Native	0.2%	1.0%
Asian	0.1%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.1%	0.0%
Two or more races	0.4%	6.8%
Hispanic or Latino	38.4%	15.5%

Educational attainment (age 25+)

Share of adults 25+

	Magnolia	Wallace
No high school diploma	36.4%	22.0%
High school graduate	27.4%	35.4%
Some college or associate's	22.2%	27.9%
Bachelor's degree	8.7%	9.7%
Graduate or professional degree	5.2%	4.9%

Commute to work

How workers get to work (share)

	Magnolia	Wallace
Drove alone	83.6%	91.5%
Carpooled	10.8%	7.4%
Public transit	0.0%	0.0%
Walked	0.2%	0.0%
Bicycle	0.0%	0.0%
Worked from home	5.4%	1.1%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Magnolia	Wallace
1-unit, detached	52.0%	65.1%
1-unit, attached	4.5%	0.7%
2 to 4 units	12.4%	25.8%
5 to 19 units	1.6%	2.8%
20 or more units	0.0%	0.9%
Mobile home & other	29.6%	4.8%

Poverty & households

	Magnolia	Wallace
Poverty rate	35.6%	20.3%
Average household size	2.50	2.04
Mean commute (minutes)	27	20
Median year structure built	1978	1980