Wallace is a small city located in Lincoln County, Nebraska. It was founded in 1882 as a railroad town along the Union Pacific Railroad. The city was named after General W.H.L. Wallace, a Union Army officer who fought in the American Civil War. Wallace quickly grew as a trading center for nearby ranches and farms.
One notable resident of Wallace is Tom Osborne, former head football coach of the University of Nebraska and U.S. Representative for Nebraska's 3rd congressional district.
According to the latest census data, Wallace has a population of around 366 residents.
Wallace is located in the southwestern part of Nebraska, near the border with Colorado. The city is surrounded by rolling plains and farmland.
The economy of Wallace is primarily based on agriculture, with ranching and farming being the main industries. The city also benefits from tourism due to its historical attractions and outdoor recreational opportunities.
Wallace has a strong sense of community and a rich Western heritage. The city hosts various events throughout the year, such as rodeos, parades, and fairs.