Advance, MO
Population 1,549 · Missouri
About Advance, MO
Advance is a small town located in Missouri with a population of 1,549 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,583 per year, which is 31% below the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Advance features a median home value of $130,100, which is 47% below the national median of $244,900. This makes Advance one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $689, 41% below the national average of $1,163/month. Of the 822 total housing units, 76% are owner-occupied (571 units) and 24% are renter-occupied (184 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Advance shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.2%, above the national average of 12.4%. Workers in Advance have an average one-way commute time of 31.1 minutes.
Education & Demographics
14.5% of Advance 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 0.0% White, 2.6% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.3% of the population being foreign-born.
How Advance Ranks in Missouri
Cost of Living in Advance, MO
Compared to national averages, Advance has a median household income of $51,583 (31% below the national median of $75,149). Home values average $130,100, which is 47% below the national median. Monthly rent at $689 is 41% below the US average of $1,163. Within Missouri, Advance's income is 16% below the state average of $61,047, and home values are 14% below the state median of $150,786.
Why Live in Advance, MO?
Advance offers affordable housing with a median home value of $130,100, below the US average of $244,900, and rent that’s lower than the national average at $689/month, and a strong job market with an unemployment rate of just 0.8%.
Potential considerations include median household income ($51,583) 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 1,549 with a median age of 39.7 years. Compare Advance with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Advance
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fair Grove | 1,551 | $71,447 | $189,200 | Compare |
| Crane | 1,545 | $47,892 | $108,300 | Compare |
| Garden City | 1,539 | $63,625 | $165,200 | Compare |
| Bismarck | 1,560 | $41,550 | $108,000 | Compare |
| Cedar Hill | 1,568 | $66,076 | $180,300 | Compare |
| St. George | 1,568 | $72,974 | $149,800 | Compare |
| Leadwood | 1,524 | $44,167 | $64,000 | Compare |
| Senath | 1,578 | $38,304 | $92,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Advance, MO is 1,549 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Advance?
The median household income in Advance, MO is $51,583 per year, which is 31% below the national median of $75,149.
What is the median home value in Advance?
The median home value in Advance, MO is $130,100, which is 47% 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, MO is $689, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Advance?
The unemployment rate in Advance, MO is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Advance, MO a good place to live?
Advance offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,549 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Advance, MO?
14.5% 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, MO: median home value is $130,100 (47% below national), median rent is $689/month, and median household income is $51,583. 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, MO is 16.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Advance, MO?
Advance's population is 0.0% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.8% two or more races. 0.3% of residents are foreign-born.