2025 Compare Cities Economy:
Wallace, NC vs Chesapeake, VA

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Highlights
- Household income in Chesapeake, is 109% more than it is in Wallace and is 19% above the National Average.
- Wallace unemployment rate is 4.1%.
- Chesapeake unemployment rate is 5.0%.
 Wallace, NCChesapeake, VAUnited States
 Unemployment Rate  Unlock5.0%6.0%
 Recent Job Growth  Unlock1.3%1.6%
 Future Job Growth13.9%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock5.8%4.6%
 Income per Cap.$26,503  Unlock$37,638
 Household Income  Unlock$85,563$69,021
 Family Median Income$57,774  Unlock$85,028
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 Est. Households By Income
 Wallace, NCChesapeake, VAUnited States
 Income Less Than 15K  Unlock5.4%9.4%
 Income between 15K and 20K7.6%  Unlock3.8%
 Income between 20K and 30K  Unlock6.2%8.1%
 Income between 30K and 40K20.4%  Unlock8.0%
 Income between 40K and 50K  Unlock6.5%7.6%
 Income between 50K and 60K7.9%  Unlock7.2%
 Income between 60K and 75K  Unlock9.8%9.6%
 Income between 75K and 100K8.1%  Unlock12.8%
 Income between 100K and 150K  Unlock21.4%16.3%
 Income between 150K and 200K3.7%  Unlock7.8%
 Income greater than 200K  Unlock9.6%9.5%
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 Population By Occupation
 Wallace, NCChesapeake, VAUnited States
 Management, business, finance11.4%  Unlock16.4%
 Engineering, computers, science  Unlock8.3%6.5%
 Community, social services3.9%  Unlock1.8%
 Legal  Unlock0.7%1.2%
 Education, library10.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.6%2.0%
 Healthcare practitioners and technology6.5%  Unlock6.2%
 Healthcare support  Unlock2.8%3.3%
 Firefighters, law enforcement3.2%  Unlock2.1%
 Food preparation, serving  Unlock4.9%5.4%
 Building maintenance2.7%  Unlock3.6%
 Personal care  Unlock2.6%2.6%
 Sales, office, administrative support11.5%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair4.5%  Unlock8.1%
 Production, transportation, material moving  Unlock10.9%13.1%
Reviews for Wallace    3 Reviews

Over 16 years ago

wallace is a great place to live but wallace needs new leaders with newer ideas to make the town a better place to live and start a  More

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Over 17 years ago

Wallace, NC is the slowest, most under developed town I have ever been in. Do not move here, there is more to do in the privacy of your own home than getting out in the  More

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Over 19 years ago

It's already been in the 80-90's and it's only April. But if you are planning to move here, I hope you like  More

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Reviews for Chesapeake    33 Reviews

I lived here in Virginia near the Cedar Rd. not so far from Tidewater Community college. If you want a great place to live to raise children, its Chesapeake  More

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I live around this area currently, in the "Hampton Roads". Which consists of Virginia Beach, Suffolk, Norfolk, Portsmouth, Newport News, Hampton, and Chesapeake. We're  More

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I was born in Hampton Roads and lived there for more than 65 years. We lived in the city of Chesapeake for three years from 2014-2017. Frankly, we were very glad to  More

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