Living in Inverness, Illinois
Cost of living, income, home prices, rent and demographics of Inverness · Census data 2020–2024
Inverness has 7,275 residents with a median age of 56.4. The median household income is $207,434 (149% higher than the Illinois median), the median home value is $715,600.
Inverness at a glance
- Population
- 7,275
- Median age
- 56.4State: 39
- Median household income
- $207,434State: $83,390
- Median home value
- $715,600State: $263,300
- Homeowners
- 98.2%
- Bachelor's degree or higher
- 68.5%
- Average commute
- 26 min
Is Inverness a good place to live?
Pros: Median household income 149% higher than the Illinois median; an average commute of 26 minutes; unemployment of 3.3%; a poverty rate of 2.6%.
Cons: Home values 172% higher than the state median.
The weather is best in June to September.
Cost of living in Inverness
Housing is the biggest part of the cost of living. In Inverness the median home value is $715,600, 115% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $4,001 a month in housing costs.
Inverness median household income
The median household income in Inverness is $207,434 and the income per person is $96,936. 2.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Inverness: homes for sale and rent
- Housing units
- 3,020
- Owner-occupied
- 98.2%
- Renter-occupied
- 1.8%
- Vacant
- 11.2%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.66
Inverness demographics
- Population
- 7,275
- Median age
- 56.4
- Under 18
- 19.1%
- 65 and older
- 31.9%
- Households
- 2,682
- Foreign-born
- 23.1%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Inverness ›
Education in Inverness
68.5% of adults 25 and older in Inverness have a bachelor's degree or higher (Illinois: 37.8%), and 29.6% have a graduate or professional degree.
Jobs and commute in Inverness
- Unemployment rate
- 3.3%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 29.5%
- Drive alone
- 62.9%
- Public transit
- 3.4%
- Walk to work
- 0%
- Homes with broadband
- 98.7%
Inverness vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Inverness | 7,275 | $207,434 | $715,600 | — |
| Barrington | 11,077 | $147,989 | $582,500 | $1,500 |
| Palatine | 66,293 | $97,819 | $355,600 | $1,549 |
| South Barrington | 5,021 | $221,575 | $908,300 | $2,200 |
| Deer Park | 3,711 | $174,458 | $661,300 | $2,754 |
| Hoffman Estates | 51,175 | $106,806 | $351,900 | $1,734 |
| Rolling Meadows | 24,027 | $98,514 | $326,200 | $1,607 |
| Kildeer | 4,292 | $250,001 | $770,700 | — |
| Barrington Hills | 3,879 | $205,074 | $913,600 | $3,282 |
More for people moving to Inverness
Inverness ZIP code ›Weather and climate ›Living in Inverness: FAQ
What is the median household income in Inverness, IL?
The median household income in Inverness is $207,434, 149% higher than the Illinois median of $83,390 (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 $715,600, compared with $263,300 in Illinois.
Is Inverness, IL a good place to live?
Pluses: median household income 149% higher than the Illinois median; an average commute of 26 minutes; unemployment of 3.3%; a poverty rate of 2.6%. Minuses: home values 172% higher than the state median.
What is the median age in Inverness?
The median age in Inverness is 56.4 years (Illinois: 39).
How long is the commute in Inverness?
The average commute to work in Inverness is 26 minutes; 29.5% of workers work from home.
What is the unemployment rate in Inverness?
The unemployment rate in Inverness is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Inverness?
68.5% 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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