Living in Advance, Indiana
Cost of living, income, home prices, rent and demographics of Advance · Census data 2020–2024
Advance has 390 residents with a median age of 41.5. The median household income is $64,500 (10% lower than the Indiana median), the median home value is $164,500, the median rent is $1,042/month.
Advance is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Advance at a glance
- Population
- 390
- Median age
- 41.5State: 38.1
- Median household income
- $64,500State: $71,957
- Median home value
- $164,500State: $218,200
- Median rent
- $1,042/moState: $1,062
- Homeowners
- 86.5%
- Bachelor's degree or higher
- 20.9%
- Average commute
- 32 min
Is Advance a good place to live?
Pros: Home values 25% lower than the state median; unemployment of 1.5%; a poverty rate of 9.2%.
Cons: Median household income 10% lower than the Indiana median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Advance
Housing is the biggest part of the cost of living. In Advance the median home value is $164,500, 51% lower than the U.S. median. Renters pay a median of $1,042 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,375 a month in housing costs.
Advance median household income
The median household income in Advance is $64,500 and the income per person is $32,183. 9.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Advance: homes for sale and rent
- Housing units
- 192
- Owner-occupied
- 86.5%
- Renter-occupied
- 13.5%
- Vacant
- 18.8%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 2.50
Advance demographics
- Population
- 390
- Median age
- 41.5
- Under 18
- 24.1%
- 65 and older
- 14.1%
- Households
- 156
- Foreign-born
- 0.5%
- Veterans
- 16.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Advance ›
Education in Advance
20.9% of adults 25 and older in Advance have a bachelor's degree or higher (Indiana: 29.5%), and 6.1% have a graduate or professional degree.
Jobs and commute in Advance
- Unemployment rate
- 1.5%State: 4.3%
- Average commute
- 32 minState: 24 min
- Work from home
- 3.6%
- Drive alone
- 91.2%
- Public transit
- 0%
- Walk to work
- 3.1%
- Homes with broadband
- 80.8%
Advance vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Advance | 390 | $64,500 | $164,500 | $1,042 |
| Jamestown | 1,107 | $71,048 | $176,300 | $907 |
| New Ross | 364 | $64,167 | $145,000 | $917 |
| Lizton | 543 | $94,844 | $191,800 | $1,164 |
| Lebanon | 17,812 | $65,154 | $195,600 | $962 |
| Thorntown | 1,212 | $73,750 | $193,800 | $928 |
| North Salem | 741 | $68,214 | $186,500 | $1,160 |
| Ladoga | 1,144 | $61,667 | $130,600 | $825 |
| Darlington | 798 | $57,656 | $120,500 | $791 |
More for people moving to Advance
Advance ZIP code ›Weather and climate ›Living in Advance: FAQ
What is the median household income in Advance, IN?
The median household income in Advance is $64,500, 10% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Advance?
The median home value in Advance is $164,500, compared with $218,200 in Indiana.
How much is rent in Advance?
The median gross rent in Advance is $1,042 per month, about 28.8% of household income.
Is Advance, IN a good place to live?
Pluses: home values 25% lower than the state median; unemployment of 1.5%; a poverty rate of 9.2%. Minuses: median household income 10% lower than the Indiana median; an average commute of 32 minutes.
What is the median age in Advance?
The median age in Advance is 41.5 years (Indiana: 38.1).
How long is the commute in Advance?
The average commute to work in Advance is 32 minutes; 3.6% of workers work from home.
What is the unemployment rate in Advance?
The unemployment rate in Advance is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Advance?
20.9% of adults in Advance have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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