Advance, IN
Population 418 · Indiana
About Advance, IN
Advance is a small community located in Indiana with a population of 418 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,000 per year, which is 14% below the national median of $75,149. The median age of 47 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Advance features a median home value of $164,800, which is 33% below the national median of $244,900. This positions Advance in a moderately priced market relative to the rest of the country. Median monthly rent is $1,014, 13% below the national average of $1,163/month. Of the 208 total housing units, 84% are owner-occupied (152 units) and 16% are renter-occupied (30 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Advance shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Advance have an average one-way commute time of 29.4 minutes.
Education & Demographics
23.7% of Advance residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.5% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Advance, IN
Compared to national averages, Advance has a median household income of $65,000 (14% below the national median of $75,149). Home values average $164,800, which is 33% below the national median. Monthly rent at $1,014 is 13% below the US average of $1,163. Within Indiana, Advance's income is 6% below the state average of $69,330, and home values are 1% above the state median of $163,409.
Why Live in Advance, IN?
Advance offers affordable housing with a median home value of $164,800, below the US average of $244,900, and rent that’s lower than the national average at $1,014/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 8.1%, better than the national average.
Potential considerations include median household income ($65,000) that falls below the national average. However, Advance’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Advance has a population of 418 with a median age of 47 years. Compare Advance with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Advance
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mooreland | 417 | $58,854 | $82,700 | Compare |
| St. Joe | 420 | $61,875 | $85,400 | Compare |
| Larwill | 421 | $61,250 | $85,400 | Compare |
| Carrollton | 411 | $121,574 | $309,800 | Compare |
| Amo | 426 | $76,250 | $151,600 | Compare |
| Chain-O-Lakes | 427 | $71,010 | $255,300 | Compare |
| Clear Lake | 409 | $101,563 | $741,500 | Compare |
| Liberty Center | 409 | $82,966 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Advance With Other Cities
Frequently Asked Questions about Advance
What is the population of Advance, IN?
The population of Advance, IN is 418 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Advance?
The median household income in Advance, IN is $65,000 per year, which is 14% below the national median of $75,149.
What is the median home value in Advance?
The median home value in Advance, IN is $164,800, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Advance?
The median monthly rent in Advance, IN is $1,014, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Advance?
The unemployment rate in Advance, IN is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Advance, IN a good place to live?
Advance offers a moderate cost of living, affordable housing, and a strong job market. With a population of 418 and a median age of 47, the city appeals to established professionals and retirees.
How educated is Advance, IN?
23.7% of residents in Advance 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 Advance?
Key cost-of-living indicators for Advance, IN: median home value is $164,800 (33% below national), median rent is $1,014/month, and median household income is $65,000. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Advance?
The poverty rate in Advance, IN is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Advance, IN?
Advance's population is 0.5% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.