Wallace is a village in Lincoln County, Nebraska, United States.

It is part of the North Platte, Nebraska Micropolitan Statistical Area.

[4] According to the United States Census Bureau, the village has a total area of 0.71 square miles (1.84 km2), all land.

22.1% of all households were made up of individuals, and 10% had someone living alone who was 65 years of age or older.

The racial makeup of the village was 99.39% White, 0.30% Native American, 0.30% from other races.

26.1% of all households were made up of individuals, and 11.9% had someone living alone who was 65 years of age or older.