Wallaceton is a borough in Clearfield County, Pennsylvania, United States. The population was 297 at the 2020 census. Wallaceton is located in eastern Clearfield County at 40°57′36″N 78°17′20″W / 40.96000°N 78.28889°W. U.S. Route 322 passes through the southwestern corner of the borough and leads northwest 11 miles to Clearfield, the county se…Wallaceton is a borough in Clearfield County, Pennsylvania, United States. The population was 297 at the 2020 census. Wallaceton is located in eastern Clearfield County at 40°57′36″N 78°17′20″W / 40.96000°N 78.28889°W. U.S. Route 322 passes through the southwestern corner of the borough and leads northwest 11 miles to Clearfield, the county seat, and southeast 6 miles to Philipsburg.