Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Inverness, Florida is a smaller city with a population of 7,399 residents. If we look at the most recent Census, Inverness is known to have a predominantly White population. The next two most common races are Black and Asian. Based on an average age of 61, Inverness appears to be well-suited for seniors or retirees as the average age is well above the national average.
Living in Inverness can be a good experience for anyone moving to the area. Having said that, in the state of Florida, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Inverness and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, commute, you will see a detailed breakdown of the most important information as well as comparisons to the Florida and national averages.
Inverness has a livability score of 63 out of 100 and is ranked #644 in Florida and #12,735 in the USA. There are nine total categories that generate the livability score. Inverness ranks well for cost of living (A+), education (B-) and housing (B) On a more negative note, Inverness does not have favorable grades for the following: amenities (F) and employment (F). If we take a look at the data, we can find out why.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Inverness has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Inverness is actually affordable. The median home price for Inverness homes is $105,600, which is 36.7% lower than the Florida average. If we take a closer look at the affordability of homes in Inverness, we’ll see that the home price to income ratio is 3.5, which is 2.9% higher than the Florida average.
| Statistic | Inverness | Florida | National |
| Average one way commute | 22min | 27min | 26min |
| Workers who drive to work | 77.0% | 79.5% | 76.4% |
| Workers who carpool | 13.1% | 9.3% | 9.3% |
| Workers who take public transit | 0.2% | 2.1% | 5.1% |
| Workers who bicycle | 0.5% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 1.5% | 2.8% |
| Working from home | 7.7% | 5.4% | 4.6% |
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