Cost of Living in Inverness, FL

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8%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
35%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Inverness Florida National
Cost of living92102100
Groceries102102100
Health care106104100
Housing6597100
Transportation105103100
Utilities108110100
Lifestyle & Entertainment104104100
Household Items104102100
Education & Childcare104106100
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Homes For Sale In Inverness, FL

property for sale

2405 Wilson St

Inverness, FL
property for sale

5740 S Concord Ter

Inverness, FL
property for sale

147 N Spend a Buck Dr

Inverness, FL
property for sale

1381 N Spend a Buck Dr

Hernando, FL
See the Newest Homes For Sale In Inverness, FL

Cost Of Living Quick Facts

  • The cost of living in Inverness is 9% lower than the Florida average
  • The cost of living in Inverness is 8% lower than the national average
  • Inverness housing is 35% lower than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Inverness

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$57,278$4,773$1,336$1,719
      Renters$34,744$2,895$811$1,042
      To approximate the cost of living and the housing affordability in Inverness, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Inverness have a median income of $57,278. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,336 per month to avoid calamity and poverty. The renters in the city have an income of about $34,744, which would make their monthly maximum allowable rental costs $811.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Lake Lindsey, FL01033.2%
      Istachatta, FL641033.2%
      Bushnell, FL3,2518812.4%
      Homosassa Springs, FL14,8709010.5%
      Lake Panasoffkee, FL4,193919.1%
      Inverness, FL7,675927.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Robinson, IL7,6758316.6%
      Mount Ivy, NY7,67512020.1%
      Cotati, CA7,67415858.2%
      Albertville, MN7,6741087.8%
      Whitinsville, MA7,67612322.7%
      Inverness, FL7,675927.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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