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Advance, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
377
Population
$110,417
Median Income
$563,800
Home Value
62.8
Median Age

Demographics

Advance has a population of 377 with a median age of 62.8. Here is the racial and ethnic breakdown of the population:

White
96.8%
Other
3.2%
Demographic Value
Total Population377
Median Age62.8
White96.8%
Other / Two or More Races3.2%
Advance, Michigan — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.8%Other: 3.2%377PopulationWhiteWhite96.8%OtherOther3.2%

Income & Economy

The median household income in Advance is $110,417, which is 37.0% above the national median of $80,610. The per capita income is $91,590. The poverty rate is 3.4%.

$110,417
Median Household Income
$91,590
Per Capita Income
3.4%
Poverty Rate

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Education

In Advance, 97.7% of residents age 25+ have a high school diploma or higher, and 50.1% hold a bachelor's degree or higher (19.4% with a graduate or professional degree).

HS Diploma+
97.7%
Bachelor's+
50.1%
Graduate+
19.4%
Education Level % of Adults (25+)
High School Diploma or Higher97.7%
Bachelor's Degree or Higher50.1%
Graduate or Professional Degree19.4%

Housing

The median home value in Advance is $563,800, above the national median of $303,400. The median monthly rent is $1,375. The homeownership rate is 94.0%.

$563,800
Median Home Value
$1,375/mo
Median Rent
94.0%
Homeownership Rate
Housing Metric Value
Median Home Value$563,800
Median Monthly Rent$1,375
Homeownership Rate94.0%
Vacancy Rate35.6%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Advance, Michigan?
The population of Advance, Michigan is 377 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Advance, Michigan?
The median household income in Advance, Michigan is $110,417. This is 37.0% above the national median of $80,610.
What is the median home value in Advance, Michigan?
The median home value in Advance, Michigan is $563,800. The median monthly rent is $1,375.
What percentage of people in Advance have a college degree?
In Advance, Michigan, 50.1% of adults age 25 and older hold a bachelor's degree or higher, and 97.7% have a high school diploma or higher.
Is Advance, Michigan an affordable place to live?
The home price-to-income ratio in Advance, Michigan is 5.1x (median home value $563,800 vs. median income $110,417), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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