Advance, IN
Population 418 · Indiana
About Advance, IN
Advance is a small community in Indiana with a population of 418 residents. The median household income is $65,000 per year, which is near the national average. The median age in Advance is 47 years.
Housing in Advance has a median home value of $164,800 and median monthly rent of $1,014. Of the 208 total housing units, the majority are owner-occupied, with 152 owner-occupied and 30 renter-occupied units.
The unemployment rate in Advance is 1.3% and the poverty rate is 8.1%. 23.7% of residents hold a bachelor's degree or higher. The average commute time is 29.4 minutes.
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.
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Frequently Asked Questions about Advance
What is the population of Advance, IN?
The population of Advance, IN is 418 according to the latest Census data.
What is the median household income in Advance?
The median household income in Advance, IN is $65,000 per year.
What is the median home value in Advance?
The median home value in Advance, IN is $164,800.
What is the average rent in Advance?
The median monthly rent in Advance, IN is $1,014.
What is the unemployment rate in Advance?
The unemployment rate in Advance, IN is 1.3%.