2025 Compare Cities Economy:
Inverness, IL vs Palatine, IL

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Highlights
- Household income in Palatine, is 55% less than it is in Inverness and is 20% above the National Average.
- Inverness unemployment rate is 8.4%.
- Palatine unemployment rate is 5.7%.
 Inverness, ILPalatine, ILUnited States
 Unemployment Rate  Unlock5.7%6.0%
 Recent Job Growth  Unlock-0.2%1.6%
 Future Job Growth25.8%  Unlock33.5%
 Sales Taxes10.3%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$82,453  Unlock$37,638
 Household Income  Unlock$86,415$69,021
 Family Median Income$196,086  Unlock$85,028
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 Est. Households By Income
 Inverness, ILPalatine, ILUnited States
 Income Less Than 15K  Unlock4.7%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock6.8%8.1%
 Income between 30K and 40K2.9%  Unlock8.0%
 Income between 40K and 50K  Unlock6.4%7.6%
 Income between 50K and 60K1.2%  Unlock7.2%
 Income between 60K and 75K  Unlock9.8%9.6%
 Income between 75K and 100K5.4%  Unlock12.8%
 Income between 100K and 150K  Unlock16.8%16.3%
 Income between 150K and 200K26.5%  Unlock7.8%
 Income greater than 200K  Unlock13.8%9.5%
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 Population By Occupation
 Inverness, ILPalatine, ILUnited States
 Management, business, finance38.9%  Unlock16.4%
 Engineering, computers, science  Unlock9.8%6.5%
 Community, social services1.5%  Unlock1.8%
 Legal  Unlock2.0%1.2%
 Education, library3.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.7%2.0%
 Healthcare practitioners and technology10.3%  Unlock6.2%
 Healthcare support  Unlock2.6%3.3%
 Firefighters, law enforcement0.3%  Unlock2.1%
 Food preparation, serving  Unlock3.9%5.4%
 Building maintenance0.0%  Unlock3.6%
 Personal care  Unlock3.1%2.6%
 Sales, office, administrative support25.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair3.1%  Unlock8.1%
 Production, transportation, material moving  Unlock13.3%13.1%
Reviews for Inverness    1 Reviews

Over 18 years ago

Great location if you work nearby or have kids in school. Otherwise you pay areal premium for this community with minimal  More

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Reviews for Palatine    7 Reviews

No town is perfect. One flaw in Palatine are that it lacks enough updated, healthier food restaurants. A more serious flaw is that the elementary district does not  More

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Over 15 years ago

The correct total Sales Tax Rate for Palatine, Cook County, IL is 9.5%, not  More

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Over 15 years ago

Palatine is a great community for raising a family. Good schools and extremely low crime rate just add to that point. Minutes to Schaumburg and all the shopping and  More

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