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EconPulse

Local economy signal dashboard

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PLACEThriving

Advance, IN

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score75out of 100
Compare
89
100
3
73
85

Population

390

Data freshness

Unknown

GDP / Output

+7.1% YoY

89

$6.4B

Output changed +7.1% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.5%

Unemployment is 1.5% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

-7.8% 5-year

3

390

Population moved -7.8% over the latest ACS window.

Vintage date unknown

State population6,851,073
U.S. population334,922,499

Housing

Rent share of income

73

19.4%

Median rent consumes 19.4% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.3K per resident

85

$444.9M

$444.9M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$207.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$444.9M

$6.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$364.0M
2. Department of Transportation$29.4M
3. Department of Veterans Affairs$27.4M

Top recipients

Dollars
1. INDIANA DEPARTMENT OF TRANSPORTATION$25.8M
2. REDACTED DUE TO PII$6.7M
3. IBC MATERIALS AND TECHNOLOGIES, LLC$6.4M

Affordable

Housing Affordability

19.4%

of median income

1BR estimate$854
2BR estimate$1,125
Median income$64,500
Median home value$164,500

ACS context

Quick Facts

Population

390

Median age

41.5

Bachelor's degree+

20.9%

Poverty rate

9.2%

Labor force participation

63.8%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-1.6%

GDP CAGR

+9.6%

Federal flow

5 years

Population (5 years)
2020423
2021397
2022412
2023418
2024390
GDP (5 years)
2020$4.1B
2021$4.7B
2022$5.2B
2023$6.0B
2024$6.4B

2-year linear forecast

Predictive Outlook

Population forecast

2024390
2025395 *
2026390 *

R² = 25.8% · * projected

GDP forecast

2024$6.4B
2025$7.1B *
2026$7.7B *

R² = 99.2% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$64,500/yr
Median rent$1,042/mo
Rent share of income19.4%
Est. mortgage (30yr, 6.5%)$9,982/yr
Mortgage share of income15.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate1.5%
State avg4.3%
U.S. avg5.2%
Labor force participation63.8%
Poverty rate9.2%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$164,500
Median monthly rent$1,042
Price-to-rent ratio13.2x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score71/100
Economic growth89/100
Labor market100/100
Population momentum3/100
Overall stability75/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Advance town, Indiana

City/Town

Part of

Indianapolis-Carmel-Greenwood, IN

Nearby locations

Jamestown, INNew Ross, INLizton, INThorntown, INNorth Salem, IN