Advance, NC is a charming town located in Davie County with a population of roughly 1,000. The cost of living in Advance is significantly lower than the average US cost of living. Specifically, comparing 2 bedroom rent and grocery costs show that Advance has a median rent of $1,050 compared to the US median rent of $1,430, as well as a grocery cost index of 99 versus 100 for the US.
The local economy in Advance offers residents a variety of job opportunities with companies such as Carolina Home Remodeling Solutions, Advanced Mechanical Services and Smith Farms Inc. Additionally, there are several recreational activities such as golfing at Pinebrook Country Club or fishing at High Rock Lake which make it an ideal place to live. Moreover, there are excellent education options for both adults and children with Davie County Schools providing quality education for elementary school children up to high school students.
Advance provides its residents with an affordable cost of living combined with all the amenities necessary to enjoy life and raise a family. With its local businesses and recreational activities it is no wonder why so many people choose to call Advance home.
Advance has an unemployment rate of 4.0%. The US average is 6.0%.
Advance has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Advance
- The Sales Tax Rate for Advance is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Advance is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Advance
- The average income of a Advance resident is $45,373 a year. The US average is $28,555 a year.
- The Median household income of a Advance resident is $95,845 a year. The US average is $69,021 a year.