Advance, IN

Full City Profile · Indiana · Hendricks County County

4.0 /5.0
A Great
418 Population 708/sq mi density
$65,000 Median Income $33,993 per capita
$164,800 Home Value $217,331 Zillow
$1,014 Median Rent 29.8% income on rent
51°F Avg Temperature
A
Overall
4.0 / 5.0
Strong
A
Economy
4.2 / 5.0
$65,000 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$164,800 home value, $1,014/mo rent
C+
Education
2.9 / 5.0
23.7% bachelor's degree or higher

Advance, IN

At a Glance

Median Income
$65,000
14% below
$33,993 per capita
Home Value
$164,800
42% below
Zillow: $217,331
Median Rent
$1,014/mo
13% below
29.8% of income on rent
Bachelor's Degree+
23.7%
30% below
90.4% high school+
Unemployment
1.3%
64% below
7.0% poverty rate
Obesity Rate
34.7%
8% above
15.1% smoking rate
Avg Temperature
51°F

How Advance Compares to the U.S. Average

Each bar shows Advance's value as a percentage of the national average (100% = U.S. avg)

Income
86%
Home Value
58%
Rent
87%
Poverty
56%
Bachelor's
70%
Unemployment
36%
Thin vertical line = U.S. national average (100%)

Is Advance a Good Place to Live?

A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Advance residents earn a median household income of $65,000 , which is 14% below the national average of $75,149. Per capita income is $33,993. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 7.0% of residents live below the poverty line. The area is home to 4,317 business establishments, including 370 restaurants.

Housing & Cost of Living

The median home value in Advance is $164,800 , 42% below the national median of $281,900. Zillow estimates the typical home at $217,331. Median rent is $1,014/month, with 29.8% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1945.

Education

23.7% of adults in Advance hold a bachelor's degree or higher (30% below the national average). 90.4% have completed high school. Local schools score 7.3/10 in standardized testing.

Climate & Weather

Advance has an average annual temperature of 51°F (11°C). Winters average 26°F in January while summers reach 73°F in July. Annual precipitation totals 42.1 inches. Air quality is rated Good with a median AQI of 35.

Data Overview

People

Population418
Median Age47.0 yrs
Density708/mi²
Male / Female55% / 45%
Foreign Born0.0%
Veterans18.0%

Economy

A
Median Income$65,000
Per Capita$33,993
Unemployment1.3%
Poverty7.0%
County GDP$10,412M
Avg Weekly Wage$1,028

Housing

A+
Home Value$164,800
Rent$1,014
Ownership83.5%
Zillow$217,331
Housing Units189
Rent Burden29.8%

Health

Obesity34.7%
Diabetes10.1%
Smoking15.1%
Heart Disease5.7%
Premature Death6,172/100K

Climate

Avg Temp51°F
Rain42.1 in/yr
AQI35 (Good)
Elevation930 ft

Education

C+
Bachelor's+23.7%
High School+90.4%
Graduate+11.8%
School Score7.3/10

Community

2024 VoteR 60% / D 38%
Commute29 min
Broadband77.5%
Internet Speed142 Mbps
EV Stations6
Libraries6

Did You Know?

Advance was founded in 1820.
The median home in Advance was built in 1945.
The nearest airport is Indianapolis International (26 miles).
The Gini coefficient (income inequality) is 0.394 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
13.6% of the population has a disability.
Average internet download speed is 142 Mbps.
There are 370 restaurants in the area.
The county recorded 15 fatal vehicle crashes.