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Wallace, ID Utility & Living Guide
Wallace is a city in and the county seat of Shoshone County, Idaho, in the Silver Valley mining district of the Idaho Panhandle. Founded in 1884, Wallace sits alongside the South Fork of the Coeur d'Alene River. The town's population was 791 at the 2020 census.
Monthly Utility Costs
$130/mo
—
$40/mo
$20/mo
$60/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $900/mo |
| 2 Bedrooms | $1200/mo |
| 3 Bedrooms | $1800/mo |
| Median Home Price | $280,000 |
| Property Tax Rate | 1.1% |
| Avg Childcare/mo | $800 |
The housing market in Wallace is relatively small, with a mix of older homes and newer constructions. Rentals are limited, and prices may vary depending on the season. The median home price has been steadily increasing over the past few years.
Cost of Living
105
+5% above national average
102
98
100
$800
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6% |
| Property Tax Rate | 1.1% |
| <p>State 6% + no County or City tax</p> | |
Idaho has a state income tax rate of 6.925%, with a top marginal rate of 6.925%
Family & Relocation
60
7/10
$800/mo
City Pulse
The public transit system in Wallace is limited, but the city has a walkable downtown area with accessible sidewalks and crosswalks
- Silver Mountain Resort
- Wallace District Mining Museum
- Coeur d'Alene Lake
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Wallace based on your household profile.
📰 Live Local News
The City of Wallace has regulations regarding zoning, building permits, and business licenses
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Wallace — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Wallace tend to be higher during the winter months due to heating needs, with an average increase of 20-30% from December to February. In contrast, summer months see a decrease in utility costs due to the mild climate and reduced heating needs.
🏛️ Local Tax Details
The ZIP code 83873 has a property tax millage rate of 1.1%, with no local surtaxes
👶 Family & Stroller Friendliness
Score 6: Wallace has decent sidewalk quality and park access, but limited elevator access in transit and some family infrastructure, such as playgrounds and kid-friendly amenities, could be improved
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