States › Florida › Inverness Highlands South

Is Inverness Highlands South, FL expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,35623% lower than U.S. average
💵 Families earn per year (2026)$65,519about $5,460/month · 25% lower than U.S. average
🔑 House price$216,80035% lower than U.S. average

Rent is lower than in 66% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 31 minutes each way. Most homes (89%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $54,240 a year. That is $26 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 60 of 479 cities from cheapest to most expensive.

Inverness Highlands South
$1,356
Willow Oak
$1,175
Belle Isle
$1,528
West Samoset
$1,480
Lecanto
$1,372
Longboat Key
$3,500+
Clewiston
$2,124

How much do households earn in Inverness Highlands South?

Under $25k
14.1%
$25k–50k
31.0%
$50k–100k
36.9%
$100k–150k
11.1%
$150k+
2.9%

Share of households by yearly income. 14.1% of households earn $100,000 or more.

Rent by apartment size in Inverness Highlands South

SizeInverness Highlands SouthU.S. average
2 bedrooms$1,127$1,509
3 bedrooms$1,464$1,698

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

How expensive is Inverness Highlands South 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 Highlands South, so the Florida figure is shown.

Taxes and bills in Inverness Highlands South

🏛️ Property tax$1,008a year · 0.46% of home value · U.S. $3,119
⚡ Electric bill$182a month (typical) · U.S. $156

Life in Inverness Highlands South

Commute to work31 minU.S.: 26.4 min
College degree14.8%U.S.: 35.7%
Own their home89%U.S.: 65.2%
Below poverty line8.7%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

Is it cheaper to rent or buy in Inverness Highlands South?

Renting is cheaper right now: about $148 a month less.

Renting
$1,356
Owning
$1,504

Owning assumes a typical $216,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,680 for the down payment.

Frequently asked questions

What is the average rent in Inverness Highlands South, FL?

Renting in Inverness Highlands South costs a median of about $1,356 a month in 2026, including utilities. The Florida median is $1,963.

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

To keep rent under 30% of income, you need about $54,240 a year, or $26 an hour at a full-time job.

Is Inverness Highlands South cheap or expensive?

Inverness Highlands South is rated OK: rent takes 24.8% of the typical household income of $65,519. It ranks 60th cheapest of 479 Florida cities we track.

How much are property taxes in Inverness Highlands South?

The median homeowner in Inverness Highlands South pays $1,008 a year in property taxes, about 0.46% of the median home value.

Is Inverness Highlands South 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 Highlands South?

The median home value in Inverness Highlands South is $216,800, about 3.3 times the typical yearly household income.

7,449 people live in Inverness Highlands South. Numbers are typical (middle) values.