Living in Inverness, Florida
Cost of living, income, home prices, rent and demographics of Inverness · Census data 2020–2024
Inverness has 7,770 residents with a median age of 59.3. The median household income is $43,523 (42% lower than the Florida median), the median home value is $203,000, the median rent is $975/month.
Inverness at a glance
- Population
- 7,770
- Median age
- 59.3State: 42.6
- Median household income
- $43,523State: $74,568
- Median home value
- $203,000State: $359,000
- Median rent
- $975/moState: $1,669
- Homeowners
- 71%
- Bachelor's degree or higher
- 19.9%
- Average commute
- 25 min
Is Inverness a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 25 minutes.
Cons: Median household income 42% lower than the Florida median; unemployment of 5.9%; a poverty rate of 15%.
The weather is best in February–March and November–December.
Cost of living in Inverness
Housing is the biggest part of the cost of living. In Inverness the median home value is $203,000, 39% lower than the U.S. median. Renters pay a median of $975 per month, which is 33.1% of household income. Homeowners with a mortgage pay $1,119 a month in housing costs.
Inverness median household income
The median household income in Inverness is $43,523 and the income per person is $35,168. 15% of residents live below the poverty line (Florida: 12.6%).
Housing in Inverness: homes for sale and rent
- Housing units
- 4,638
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 12.5%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 1.78
Inverness demographics
- Population
- 7,770
- Median age
- 59.3
- Under 18
- 11.7%
- 65 and older
- 42.2%
- Households
- 4,059
- Foreign-born
- 4.6%
- Veterans
- 13.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Inverness ›
Education in Inverness
19.9% of adults 25 and older in Inverness have a bachelor's degree or higher (Florida: 34.1%), and 5.4% have a graduate or professional degree.
Jobs and commute in Inverness
- Unemployment rate
- 5.9%State: 4.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 8.4%
- Drive alone
- 74%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 88.1%
Inverness vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Inverness | 7,770 | $43,523 | $203,000 | $975 |
| Inverness Highlands North | 2,830 | $63,281 | $212,700 | $2,557 |
| Inverness Highlands South | 7,449 | $60,750 | $216,800 | $1,289 |
| Citrus Hills | 9,304 | $85,837 | $436,600 | $1,527 |
| Hernando | 9,299 | $43,076 | $209,700 | $964 |
| Beverly Hills | 9,650 | $46,488 | $164,500 | $1,199 |
| Lecanto | 7,398 | $56,215 | $316,900 | $1,304 |
| Floral City | 5,437 | $62,025 | $232,000 | $617 |
| Pine Ridge | 10,762 | $71,014 | $384,800 | $1,530 |
More for people moving to Inverness
Inverness ZIP code ›Weather and climate ›Living in Inverness: FAQ
What is the median household income in Inverness, FL?
The median household income in Inverness is $43,523, 42% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Inverness?
The median home value in Inverness is $203,000, compared with $359,000 in Florida.
How much is rent in Inverness?
The median gross rent in Inverness is $975 per month, about 33.1% of household income.
Is Inverness, FL a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 25 minutes. Minuses: median household income 42% lower than the Florida median; unemployment of 5.9%; a poverty rate of 15%.
What is the median age in Inverness?
The median age in Inverness is 59.3 years (Florida: 42.6).
How long is the commute in Inverness?
The average commute to work in Inverness is 25 minutes; 8.4% of workers work from home.
What is the unemployment rate in Inverness?
The unemployment rate in Inverness is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Inverness?
19.9% of adults in Inverness have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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