Housing costs in Inverness?
A typical home costs
$656,500, which is 94.2% more expensive than the national average of
$338,100 and 171.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Inverness costs
$1,930 per month, which is 35.0% more than the national average of
$1,430 and 34.7% more than the state average of
$1,260.
Can I afford Inverness?
To live comfortably in Inverness, Illinois, a minimum annual income of
$125,640 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Inverness?
Inverness, IL has a relatively low cost of living compared to other areas of the country. According to BestPlaces, the cost of living in Inverness is about 17% lower than the national average. The overall cost of goods and services, including groceries, transportation, and healthcare are all significantly less expensive than in most places in the United States. Additionally, housing costs are also affordable with the median home price being around $307,000. Renters can also benefit from low rental prices averaging around $1,072 per month. All of these factors make Inverness a great place to live for people who want an affordable lifestyle.