States › Florida › Inverness

Is Inverness, FL expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,02642% lower than U.S. average
💵 Families earn per year (2026)$46,940about $3,912/month · 46% lower than U.S. average
🔑 House price$203,00039% lower than U.S. average

Rent is lower than in 86% of U.S. cities. A typical house costs about 4.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $41,040 a year. That is $20 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 16 of 479 cities from cheapest to most expensive.

Inverness
$1,026
Macclenny
$1,456
Arcadia
$1,006
Indian River Estates
$2,305
Newberry
$2,210
Southwest Ranches
$2,876
Beacon Square
$1,825

How much do households earn in Inverness?

Under $25k
24.6%
$25k–50k
33.2%
$50k–100k
24.9%
$100k–150k
6.5%
$150k+
3.2%

Share of households by yearly income. 9.7% of households earn $100,000 or more.

Rent by apartment size in Inverness

SizeInvernessU.S. average
Studio$988$1,338
1 bedroom$918$1,324
2 bedrooms$1,046$1,509
3 bedrooms$1,580$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Inverness overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Inverness, so the Florida figure is shown.

Taxes and bills in Inverness

🏛️ Property tax$1,043a year · 0.51% of home value · U.S. $3,119
⚡ Electric bill$142a month (typical) · U.S. $156

Life in Inverness

Commute to work25 minU.S.: 26.4 min
College degree19.9%U.S.: 35.7%
Own their home71%U.S.: 65.2%
Below poverty line15%U.S.: 12.5%
Unemployment5.9%U.S.: 5.2%

Is it cheaper to rent or buy in Inverness?

Renting is cheaper right now: about $383 a month less.

Renting
$1,026
Owning
$1,409

Owning assumes a typical $203,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,300 for the down payment.

Frequently asked questions

What is the average rent in Inverness, FL?

Renting in Inverness costs a median of about $1,026 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Inverness?

To keep rent under 30% of income, you need about $41,040 a year, or $20 an hour at a full-time job.

Is Inverness cheap or expensive?

Inverness is rated OK: rent takes 26.2% of the typical household income of $46,940. It ranks 16th cheapest of 479 Florida cities we track.

How much are property taxes in Inverness?

The median homeowner in Inverness pays $1,043 a year in property taxes, about 0.51% of the median home value.

Is Inverness more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Inverness?

The median home value in Inverness is $203,000, about 4.3 times the typical yearly household income.

7,770 people live in Inverness. Numbers are typical (middle) values.