in the high school graduating class of 1951. Geography Wallace is located at 39°59'14" north, 87°8'53" west (39.987282, -87.148050). Mill Creek, which flows from the northeast, borders the town to the east and south. According to the 2010 census, Wallace has a total area of , all land. Demographics Estimated median household income in 2007: $47,545. Estimated median house or condo value in 2007: $62,681. 2008 cost of living index in Wallace: 72.5 (low, U.S. average is 100) 2010 census At the census of 2010, there were 105 people, 52 households, and 28 families residing in the town. The population density was . There were 55 housing units at an average density of . The racial makeup of the town was 100.0% White. There were 52 households, of which 19.2% had children under the age of 18 living with them, 44.2% were married couples living together, 3.8% had a female householder with no husband present, 5.8% had a male householder with no wife present, and 46.2% were non-families. 42.3% of all households were made up of individuals, and 21.1% had someone living alone who was 65 years of age or older. The average household size was 2.02 and the average family size was 2.68. The median age in the town was 45.5 years. 18.1% of residents were under the age of 18; 8.6% were between the ages of 18 and 24; 22.9% were from 25 to 44; 27.7% were from 45 to 64; and 22.9% were 65 years of age or older. The gender makeup of the town was 48.6% male and 51.4% female. 2000 census At the census of 2000, there were 100 people, 35 households, and 24 families residing in the town. The population density was . There were 40 housing units at an average density of . The racial makeup of the town was 100.00% White, 0.00% African American, 0.00% Native American, 0.00% Asian, 0.00% Pacific Islander, 0.00% from other races, and 0.00% from two or more races. 0.00% of the population were Hispanic or Latino of any race. There were 35 households, out of which 34.3% had children under the age of 18 living with them, 57.1% were married couples living together, 5.7% had a female householder with no husband present, and 31.4% were non-families. 28.6% of all households were made up of individuals, and 11.4% had someone living alone who was 65 years of age