Living in Advance, Michigan
Cost of living, income, home prices, rent and demographics of Advance · Census data 2020–2024
Advance has 377 residents with a median age of 62.8. The median household income is $110,417 (52% higher than the Michigan median), the median home value is $563,800, the median rent is $1,375/month.
Advance is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Advance at a glance
- Population
- 377
- Median age
- 62.8State: 40.2
- Median household income
- $110,417State: $72,875
- Median home value
- $563,800State: $231,600
- Median rent
- $1,375/moState: $1,129
- Homeowners
- 94%
- Bachelor's degree or higher
- 50.1%
- Average commute
- 18 min
Is Advance a good place to live?
Pros: Median household income 52% higher than the Michigan median; an average commute of 18 minutes; unemployment of 1.8%; a poverty rate of 3.4%.
Cons: Home values 143% higher than the state median.
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 $563,800, 69% higher than the U.S. median. Renters pay a median of $1,375 per month, which is 17.5% of household income. Homeowners with a mortgage pay $1,829 a month in housing costs.
Advance median household income
The median household income in Advance is $110,417 and the income per person is $91,590. 3.4% of residents live below the poverty line (Michigan: 13.2%).
Housing in Advance: homes for sale and rent
- Housing units
- 309
- Owner-occupied
- 94%
- Renter-occupied
- 6%
- Vacant
- 35.6%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 1.89
35.6% of homes are vacant most of the year, a sign that Advance has many vacation and second homes.
Advance demographics
- Population
- 377
- Median age
- 62.8
- Under 18
- 4.8%
- 65 and older
- 36.6%
- Households
- 199
- Foreign-born
- 0.8%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Advance ›
Education in Advance
50.1% of adults 25 and older in Advance have a bachelor's degree or higher (Michigan: 32.4%), and 19.4% have a graduate or professional degree.
Jobs and commute in Advance
- Unemployment rate
- 1.8%State: 5.7%
- Average commute
- 18 minState: 24 min
- Work from home
- 7.8%
- Drive alone
- 69.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97%
Advance vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Advance | 377 | $110,417 | $563,800 | $1,375 |
| Boyne City | 3,825 | $64,855 | $249,000 | $906 |
| East Jordan | 2,023 | $60,104 | $148,000 | $812 |
| Horton Bay | 374 | $69,926 | $345,500 | — |
| Ironton | 173 | $93,750 | $246,400 | — |
| Ellsworth | 265 | $61,000 | $160,200 | $607 |
| Walloon Lake | 294 | $87,303 | $285,400 | — |
| Boyne Falls | 361 | $62,159 | $167,700 | $949 |
| Bay Shore | 697 | $75,217 | $153,600 | $869 |
More for people moving to Advance
Advance ZIP code ›Weather and climate ›Living in Advance: FAQ
What is the median household income in Advance, MI?
The median household income in Advance is $110,417, 52% higher than the Michigan median of $72,875 (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 $563,800, compared with $231,600 in Michigan.
How much is rent in Advance?
The median gross rent in Advance is $1,375 per month, about 17.5% of household income.
Is Advance, MI a good place to live?
Pluses: median household income 52% higher than the Michigan median; an average commute of 18 minutes; unemployment of 1.8%; a poverty rate of 3.4%. Minuses: home values 143% higher than the state median.
What is the median age in Advance?
The median age in Advance is 62.8 years (Michigan: 40.2).
How long is the commute in Advance?
The average commute to work in Advance is 18 minutes; 7.8% of workers work from home.
What is the unemployment rate in Advance?
The unemployment rate in Advance is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Advance?
50.1% 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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