Inverness, FL Profile: Facts & Data

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Inverness, Florida - Basic Facts

The City of Inverness had a population of 7,731 as of July 1, 2019.

The primary coordinate point for Inverness is located at latitude 28.8358 and longitude -82.3304 in Citrus County. The formal boundaries for the City of Inverness encompass a land area of 7.6 sq. miles and a water area of 0.09 sq. miles. Citrus County is in the Eastern time zone (GMT -5). The elevation is 46 feet.

The City of Inverness (GNIS ID: 2404763) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Inverness is located within Inverness CCD of Citrus County.


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  1. Inverness 2019 Demographic Data
  2. Growth Rates for Inverness (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Inverness, FL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Inverness, FL Housing Affordability Index is 161
State of Florida Housing Affordability Index is 113
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Inverness, FL Wealth Index is 56
State of Florida Wealth Index is 94
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Florida COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 7,731 (100%)
Population in Households 7,281 (94.2%)
Population in Families 5,107 (66.1%)
Population in Group Quarters1 450 ( 5.8%)
Population Density 1,016
Diversity Index2 33
 

INCOME

Median Household Income $36,715
Average Household Income $50,058
Per Capita Income $23,259
Wealth Index4 56

HOUSING

Total Housing Units 4,276 (100%)
Owner Occupied HU 2,272 (53.1%)
Renter Occupied HU 1,274 (29.8%)
Vacant Housing Units 730 (17.1%)
Median Home Value $122,414
Housing Affordability Index3 161
 

HOUSEHOLDS

Total Households 3,546
Average Household Size 2.05
Family Households 1,863
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.76% 0.84%
Households 0.74% 0.85%
Families 0.87% 0.71%
Median Household Income   1.73%
Per Capita Income   2.6%

Inverness, FL - Peer Comparisons by Rank and Percentile

The table below compares Inverness to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 377 59th
Population Density # 586 36th
Diversity Index # 631 32nd
Median Household Income # 791 14th
Per Capita Income # 603 34th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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