Wallace is a village in Lincoln County, Nebraska, United States. It is part of the North Platte, Nebraska Micropolitan Statistical Area. The population was 329 at the 2000 census.
Wallace is located at 40°50′19″N 101°9′52″W / 40.83861°N 101.16444°W / 40.83861; -101.16444 (40.838672, -101.164365).
According to the United States Census Bureau, the village has a total area of 0.7 square miles (1.8 km²), all of it land.