Advance, MI
Population 372 · Michigan
About Advance, MI
Advance is a small community located in Michigan with a population of 372 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,438 per year, which is 24% above the national median of $75,149. The median age of 62.4 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 $549,600, which is 124% above the national median of $244,900. This places Advance in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,188, 2% above the national average of $1,163/month. Of the 301 total housing units, 93% are owner-occupied (181 units) and 7% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Advance shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Advance have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
51.3% of Advance residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
How Advance Ranks in Michigan
Cost of Living in Advance, MI
Compared to national averages, Advance has a median household income of $93,438 (24% above the national median of $75,149). Home values average $549,600, which is 124% above the national median. Monthly rent at $1,188 is 2% above the US average of $1,163. Within Michigan, Advance's income is 42% above the state average of $66,017, and home values are 200% above the state median of $183,391.
Why Live in Advance, MI?
Advance offers a strong local economy with a median household income of $93,438, well above the national average, and a strong job market with an unemployment rate of just 1.1%, and a well-educated community where 51.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.7%, better than the national average, and short commute times averaging just 19 minutes.
Potential considerations include a competitive housing market where the typical home costs $549,600. However, Advance’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Advance has a population of 372 with a median age of 62.4 years. Compare Advance with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Advance
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Powers | 370 | $35,417 | $92,900 | Compare |
| Eastport | 369 | $54,457 | $506,900 | Compare |
| Luther | 375 | $58,125 | $107,100 | Compare |
| Vandalia | 369 | $65,000 | $64,200 | Compare |
| Grand Beach | 368 | $115,000 | $1,081,700 | Compare |
| Rothbury | 377 | $46,250 | $114,500 | Compare |
| Brimley | 379 | $72,885 | $166,500 | Compare |
| New Troy | 379 | $60,250 | $174,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Advance, MI is 372 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Advance?
The median household income in Advance, MI is $93,438 per year, which is 24% above the national median of $75,149.
What is the median home value in Advance?
The median home value in Advance, MI is $549,600, which is 124% above 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, MI is $1,188, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Advance?
The unemployment rate in Advance, MI is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Advance, MI a good place to live?
Advance offers above-average incomes, a competitive housing market, and a strong job market. With a population of 372 and a median age of 62.4, the city appeals to established professionals and retirees.
How educated is Advance, MI?
51.3% of residents in Advance aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Advance?
Key cost-of-living indicators for Advance, MI: median home value is $549,600 (124% above national), median rent is $1,188/month, and median household income is $93,438. The home-value-to-income ratio is 5.9x, a moderate figure by national standards.
What is the poverty rate in Advance?
The poverty rate in Advance, MI is 6.7%, 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, MI?
Advance's population is 0.0% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.