Housing costs in Inverness?
A typical home costs
$261,500, which is 22.7% less expensive than the national average of
$338,100 and 27.8% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Inverness costs
$850 per month, which is 45.5% cheaper than the national average of
$1,560 and 14.1% cheaper than the state average of
$970.
Can I afford Inverness?
To live comfortably in Inverness (zip 34450), Florida, a minimum annual income of
$50,040 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Inverness?
The cost of living in 34450 Inverness, FL is fairly high. According to BestPlaces, the city has a cost of living index of 115, which is 15% higher than the national average. Housing is particularly expensive in this area; the median home value is $136,756 and the median rent per month is $1,115. Other expenses such as groceries, utilities, and health care are also slightly higher than the U.S. average. However, residents of Inverness enjoy some advantages that can offset these higher costs; for example, there are no state income taxes and overall taxes are relatively low compared to other parts of Florida.