Advance, NC
Population 1,544 · North Carolina
About Advance, NC
Advance is a small town located in North Carolina with a population of 1,544 residents according to the latest US Census Bureau American Community Survey data. The median household income is $109,402 per year, which is 46% above the national median of $75,149. The median age of 39.2 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 $358,500, which is 46% above 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 $865, 26% below the national average of $1,163/month. Of the 620 total housing units, 82% are owner-occupied (405 units) and 18% are renter-occupied (90 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Advance shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Advance have an average one-way commute time of 34.3 minutes.
Education & Demographics
31.8% 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 1.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.7% of the population being foreign-born.
Cost of Living in Advance, NC
Compared to national averages, Advance has a median household income of $109,402 (46% above the national median of $75,149). Home values average $358,500, which is 46% above the national median. Monthly rent at $865 is 26% below the US average of $1,163. Within North Carolina, Advance's income is 70% above the state average of $64,468, and home values are 57% above the state median of $228,922.
Why Live in Advance, NC?
Advance offers a strong local economy with a median household income of $109,402, well above the national average, and rent that’s lower than the national average at $865/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 5.6%, better than the national average.
Advance has a population of 1,544 with a median age of 39.2 years. Compare Advance with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Advance
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Princeton | 1,543 | $36,656 | $165,800 | Compare |
| Biltmore Forest | 1,536 | $172,500 | $1,249,000 | Compare |
| Stanfield | 1,554 | $81,375 | $302,400 | Compare |
| Cove Creek | 1,533 | $53,898 | $247,700 | Compare |
| Bethel | 1,528 | $51,489 | $114,000 | Compare |
| Clyde | 1,522 | $59,315 | $194,600 | Compare |
| Weldon | 1,522 | $38,725 | $96,000 | Compare |
| Dobson | 1,521 | $44,531 | $168,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
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, NC?
The population of Advance, NC is 1,544 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in North Carolina.
What is the median household income in Advance?
The median household income in Advance, NC is $109,402 per year, which is 46% above the national median of $75,149.
What is the median home value in Advance?
The median home value in Advance, NC is $358,500, which is 46% 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, NC is $865, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Advance?
The unemployment rate in Advance, NC is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Advance, NC a good place to live?
Advance offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,544 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Advance, NC?
31.8% 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, NC: median home value is $358,500 (46% above national), median rent is $865/month, and median household income is $109,402. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Advance?
The poverty rate in Advance, NC is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Advance, NC?
Advance's population is 1.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 9.3% two or more races. 5.7% of residents are foreign-born.