Vance, AL
Population 1,822 · Alabama
About Vance, AL
Vance is a small town located in Alabama with a population of 1,822 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,654 per year, which is 2% above the national median of $75,149. The median age of 30.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Vance features a median home value of $208,600, which is 15% below the national median of $244,900. This positions Vance in a moderately priced market relative to the rest of the country. Median monthly rent is $1,094, 6% below the national average of $1,163/month. Of the 671 total housing units, 84% are owner-occupied (502 units) and 16% are renter-occupied (99 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Vance shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Vance have an average one-way commute time of 34 minutes.
Education & Demographics
18.7% of Vance residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.5% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 2.9% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Vance, AL
Compared to national averages, Vance has a median household income of $76,654 (2% above the national median of $75,149). Home values average $208,600, which is 15% below the national median. Monthly rent at $1,094 is 6% below the US average of $1,163. Within Alabama, Vance's income is 32% above the state average of $57,952, and home values are 31% above the state median of $159,358.
Why Live in Vance, AL?
Vance offers a strong local economy with a median household income of $76,654, well above the national average, and affordable housing with a median home value of $208,600, below the US average of $244,900, and rent that’s lower than the national average at $1,094/month. Additionally, the city features a strong job market with an unemployment rate of just 2.5%, and a low poverty rate of 7.6%, better than the national average.
Vance has a population of 1,822 with a median age of 30.2 years. Compare Vance with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Vance
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vernon | 1,819 | $27,174 | $112,500 | Compare |
| Collinsville | 1,835 | $31,411 | $0 | Compare |
| Malvern | 1,836 | $52,500 | $98,300 | Compare |
| Sardis City | 1,805 | $59,632 | $207,300 | Compare |
| Florala | 1,841 | $34,857 | $81,000 | Compare |
| Midland City | 1,803 | $35,638 | $153,400 | Compare |
| Carlisle-Rockledge | 1,791 | $59,246 | $152,000 | Compare |
| Point Clear | 1,858 | $45,898 | $888,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Vance With Other Cities
Frequently Asked Questions about Vance
What is the population of Vance, AL?
The population of Vance, AL is 1,822 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alabama.
What is the median household income in Vance?
The median household income in Vance, AL is $76,654 per year, which is 2% above the national median of $75,149.
What is the median home value in Vance?
The median home value in Vance, AL is $208,600, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Vance?
The median monthly rent in Vance, AL is $1,094, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Vance?
The unemployment rate in Vance, AL is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Vance, AL a good place to live?
Vance offers above-average incomes, affordable housing, and a strong job market. With a population of 1,822 and a median age of 30.2, the city appeals to young professionals and families.
How educated is Vance, AL?
18.7% of residents in Vance aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Vance?
Key cost-of-living indicators for Vance, AL: median home value is $208,600 (15% below national), median rent is $1,094/month, and median household income is $76,654. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Vance?
The poverty rate in Vance, AL is 7.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Vance, AL?
Vance's population is 0.5% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 2.9% Asian, and 10.6% two or more races. 2.6% of residents are foreign-born.