Inverness, IL
Population 7,541 · Illinois
About Inverness, IL
Inverness is a small community in Illinois with a population of 7,541 residents. The median household income is $215,810 per year, which is above the national average. The median age in Inverness is 54.3 years.
Housing in Inverness has a median home value of $704,100 and median monthly rent of $3,501. Of the 2,938 total housing units, the majority are owner-occupied, with 2,640 owner-occupied and 58 renter-occupied units.
The unemployment rate in Inverness is 2.7% and the poverty rate is 2.7%. 68.8% of residents hold a bachelor's degree or higher. The average commute time is 27.1 minutes.
How Inverness Ranks in Illinois
Cost of Living in Inverness, IL
Compared to national averages, Inverness has a median household income of $215,810 (187% above the national median of $75,149). Home values average $704,100, which is 188% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Illinois, Inverness's income is 187% above the state average of $75,072, and home values are 325% above the state median of $165,779.
Why Live in Inverness, IL?
Inverness offers a strong local economy with a median household income of $215,810, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 68.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $704,100. However, Inverness’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Inverness has a population of 7,541 with a median age of 54.3 years. Compare Inverness with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Inverness
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Riverside | 7,495 | $80,753 | $295,100 | Compare |
| Park City | 7,631 | $62,875 | $0 | Compare |
| Jerseyville | 7,432 | $71,623 | $124,200 | Compare |
| Salem | 7,341 | $57,083 | $99,800 | Compare |
| Princeton | 7,829 | $57,682 | $131,300 | Compare |
| Round Lake Park | 7,833 | $57,486 | $157,900 | Compare |
| West Dundee | 7,867 | $104,750 | $342,900 | Compare |
| Broadview | 7,898 | $60,139 | $240,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Inverness
What is the population of Inverness, IL?
The population of Inverness, IL is 7,541 according to the latest Census data.
What is the median household income in Inverness?
The median household income in Inverness, IL is $215,810 per year.
What is the median home value in Inverness?
The median home value in Inverness, IL is $704,100.
What is the average rent in Inverness?
The median monthly rent in Inverness, IL is $3,501.
What is the unemployment rate in Inverness?
The unemployment rate in Inverness, IL is 2.7%.