Inverness, FL is a small city with a vibrant culture and plenty of opportunities for residents. Renting a two bedroom apartment in Inverness averages $940 per month, which is significantly lower than the national average of $1,430. Grocery shopping in Inverness is also more economical; the Grocery Cost Index in this city stands at 102 as opposed to 100 across the US. Popular rental companies like Tricon American Homes and Highland Management have multiple properties available across Inverness and offer competitive rates. Local grocery stores, such as Sweetbay Supermarket and Winn-Dixie, provide quality products at affordable prices for residents in this area.
Inverness has an unemployment rate of 6.4%. The US average is 6.0%.
Inverness has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Inverness
- The Sales Tax Rate for Inverness is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Inverness is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Inverness
- The average income of a Inverness resident is $18,528 a year. The US average is $28,555 a year.
- The Median household income of a Inverness resident is $39,532 a year. The US average is $69,021 a year.