Inverness, Illinois Housing

Inverness, Illinois has a population of 7,512, with a median household income of $205,420.

Current housing data for Inverness.

$785,400

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Population

7,512

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Median Income

$205,420

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Unemployment

2.40%

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Housing Price

$785,400

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Crime Rate

5.10

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Internet Speed

1000.00 Mbps

Inverness is a notable city in Illinois, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Inverness has a population of 7,512, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Inverness is $205,420, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Inverness average around $785,400, which is relatively high compared to other cities in Illinois.

Employment and Safety

The unemployment rate in Inverness is 2.40%, which is lower than the state average, indicating a relatively strong job market. Inverness has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Illinois, Inverness shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Inverness offers a balanced mix of economic conditions, population trends, and housing opportunities within Illinois.

Frequently Asked Questions about Inverness

What is the population of Inverness?

The population of Inverness is approximately 7,512.

Is Inverness a good place to live?

Inverness offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Inverness?

The median household income in Inverness is around $205,420.

How expensive is housing in Inverness?

The average housing price in Inverness is approximately $785,400.