Also See Advance, IN: ZIP Codes & Maps
The Town of Advance had a population of 485 as of July 1, 2023.
The primary coordinate point for Advance is located at latitude 39.9959 and longitude -86.62 in Boone County. The formal boundaries for the Town of Advance encompass a land area of 0.62 sq. miles and a water area of 0 sq. miles. Boone County is in the Eastern time zone (GMT -5).
The Town of Advance has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The Town of Advance is located within Township of Jackson, a minor civil division (MCD) of Boone County.
POPULATION | |
---|---|
Total Population | 485 (100%) |
Population in Households | 485 (100.0%) |
Population in Families | 441 (90.9%) |
Population in Group Quarters1 | 0 |
Population Density | 823 |
Diversity Index2 | 19 |
INCOME | |
Median Household Income | $80,699 |
Average Household Income | $109,373 |
% of Income for Mortgage4 | 22% |
Per Capita Income | $41,494 |
Wealth Index5 | 104 |
Socioeconomic Status Index6 | Moderate (61.1) |
HOUSING | |
---|---|
Total HU (Housing Units) | 189 (100%) |
Owner Occupied HU | 166 (87.8%) |
Renter Occupied HU | 18 ( 9.5%) |
Vacant Housing Units | 5 ( 2.6%) |
Median Home Value | $294,118 |
Average Home Value | $506,024 |
Housing Affordability Index3 | 115 |
HOUSEHOLDS | |
Total Households | 184 |
Average Household Size | 2.64 |
Family Households | 145 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -1.12% | -0.21% |
Households | -0.17% | 0.00% |
Families | -0.28% | |
Median Household Income | 2.54% | |
Per Capita Income | 3.91% | |
Owner Occupied HU | 0.12% |
The table below compares Advance to the other 973 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 487 | 50th |
Population Density | # 506 | 48th |
Median Household Income | # 197 | 80th |
Housing Affordability Index | # 322 | 33rd |
Per Capita Income | # 208 | 79th |
Diversity Index | # 431 | 56th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.
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