Inverness Highlands South, FL is an attractive community nestled in the heart of Florida offering affordable living options and a great quality of life. The average two-bedroom rent in the area is $990 per month, which is significantly lower than the national average of $1,430. Additionally, groceries in Inverness Highlands South are more affordable than most places in the US with a grocery cost index score of 102 versus 100 nationally. This makes it an ideal place for those on a tight budget.
The area boasts local businesses such as Inverness Animal Hospital, Nature Coast Landscaping & Design LLC., All Pro Roofing of Citrus County Inc., and Cumberland Farms. These businesses offer residents access to convenient services and products.
Inverness Highlands South has an unemployment rate of 6.4%. The US average is 6.0%.
Inverness Highlands South 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 Highlands South
- The Sales Tax Rate for Inverness Highlands South is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Inverness Highlands South 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 Highlands South
- The average income of a Inverness Highlands South resident is $20,377 a year. The US average is $28,555 a year.
- The Median household income of a Inverness Highlands South resident is $50,907 a year. The US average is $69,021 a year.