Living in Advance, North Carolina
Cost of living, income, home prices, rent and demographics of Advance · Census data 2020–2024
Advance has 1,408 residents with a median age of 41.1. The median household income is $115,391 (59% higher than the North Carolina median), the median home value is $434,400, the median rent is $819/month.
Advance is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Advance at a glance
- Population
- 1,408
- Median age
- 41.1State: 39.1
- Median household income
- $115,391State: $72,388
- Median home value
- $434,400State: $288,900
- Median rent
- $819/moState: $1,228
- Homeowners
- 80.1%
- Bachelor's degree or higher
- 47.2%
- Average commute
- 31 min
Is Advance a good place to live?
Pros: Median household income 59% higher than the North Carolina median; a poverty rate of 5%.
Cons: Home values 50% higher than the state median; an average commute of 31 minutes.
The weather is best in April–May and September–October.
Cost of living in Advance
Housing is the biggest part of the cost of living. In Advance the median home value is $434,400, 31% higher than the U.S. median. Renters pay a median of $819 per month, which is 9% of household income. Homeowners with a mortgage pay $1,978 a month in housing costs.
Advance median household income
The median household income in Advance is $115,391 and the income per person is $42,846. 5% of residents live below the poverty line (North Carolina: 13%).
Housing in Advance: homes for sale and rent
- Housing units
- 598
- Owner-occupied
- 80.1%
- Renter-occupied
- 19.9%
- Vacant
- 18.6%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 2.89
Advance demographics
- Population
- 1,408
- Median age
- 41.1
- Under 18
- 28.8%
- 65 and older
- 15.5%
- Households
- 487
- Foreign-born
- 4.8%
- Veterans
- 8.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Advance ›
Education in Advance
47.2% of adults 25 and older in Advance have a bachelor's degree or higher (North Carolina: 35.7%), and 21.7% have a graduate or professional degree.
Jobs and commute in Advance
- Unemployment rate
- 0%State: 4.7%
- Average commute
- 31 minState: 25 min
- Work from home
- 9.2%
- Drive alone
- 81.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.3%
Advance vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Advance | 1,408 | $115,391 | $434,400 | $819 |
| Bermuda Run | 3,211 | $69,301 | $347,600 | $1,142 |
| Yadkin College | 400 | $110,219 | $253,300 | — |
| Clemmons | 21,871 | $87,655 | $335,800 | $1,269 |
| Welcome | 3,521 | $63,353 | $200,800 | $836 |
| Farmington | 409 | $53,462 | $205,700 | — |
| Midway | 4,897 | $83,446 | $274,100 | $778 |
| Mocksville | 6,068 | $55,367 | $240,700 | $892 |
| Tyro | 3,833 | $58,364 | $191,800 | $746 |
More for people moving to Advance
Advance ZIP code ›Weather and climate ›Living in Advance: FAQ
What is the median household income in Advance, NC?
The median household income in Advance is $115,391, 59% higher than the North Carolina median of $72,388 (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 $434,400, compared with $288,900 in North Carolina.
How much is rent in Advance?
The median gross rent in Advance is $819 per month, about 9% of household income.
Is Advance, NC a good place to live?
Pluses: median household income 59% higher than the North Carolina median; a poverty rate of 5%. Minuses: home values 50% higher than the state median; an average commute of 31 minutes.
What is the median age in Advance?
The median age in Advance is 41.1 years (North Carolina: 39.1).
How long is the commute in Advance?
The average commute to work in Advance is 31 minutes; 9.2% of workers work from home.
What is the unemployment rate in Advance?
The unemployment rate in Advance is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Advance?
47.2% 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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