Inverness Highlands South, FL Cost Of Living
Cost Of Living In Inverness Highlands South, FL Summary
Cost of living in Inverness Highlands South research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Inverness Highlands South is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Inverness Highlands South is 87, with 100 being the average.
The cost of living index in Inverness Highlands South is 0.9x lower than the national average.
Inverness Highlands South ranks as the #44 cheapest in Florida out of 459.
Inverness Highlands South ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Inverness Highlands South is $154,500.
The median income in Inverness Highlands South is $50,907.
Table Of Contents
Inverness Highlands South's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Inverness Highlands South, FL?
According to the most recent data on the cost of living, Inverness Highlands South has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Florida, Inverness Highlands South has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Inverness Highlands South ranks as #44 most affordable out of the 459 places we measured in Florida. By definition, that implies Inverness Highlands South ranks as the #415 most expensive place in the Sunshine State.
For more reading on life in Inverness Highlands South, check out:
- Living In Inverness Highlands South
- Search Homes For Sale In Inverness Highlands South, FL
In Florida
In America
Inverness Highlands South Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Inverness Highlands South. Here is how it fairs on each of the criteria:
The Services index in Inverness Highlands South is 96.
The Groceries index in Inverness Highlands South is 103.
The Health index in Inverness Highlands South is 99.
The Housing index in Inverness Highlands South is 57.
The Transportation index in Inverness Highlands South is 99.
The Utilities index in Inverness Highlands South is 99.
| Living Expense | Inverness Highlands South | Florida | National Average | |
|---|---|---|---|---|
| Overall | 87 | 101 | 100 | |
| Services | 96 | 98 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 57 | 108 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 99 | 100 | 100 | |
Inverness Highlands South, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Inverness Highlands South is $154,500.
The Median Rent in Inverness Highlands South is $1,038.
The Median Income in Inverness Highlands South is $50,907.
The Home Value To Income in Inverness Highlands South is 3.0x.
The Rent To Monthly Income in Inverness Highlands South is 0.24x.
| Statistic | Inverness Highlands South | Florida | United States |
|---|---|---|---|
| Median Home Value | $154,500 | $248,700 | $244,900 |
| Median Rent | $1,038 | $1,301 | $1,163 |
| Median Income | $50,907 | $61,777 | $69,021 |
| Home Value To Income | 3.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Inverness Highlands South, FL Costs By Category
Detailed Inverness Highlands South Services Costs Vs. Florida
| Item | Inverness Highlands South | Florida |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.72 | $10.68 |
| Bowling | $16.33 | $14.67 |
| Haircut | $15.08 | $18.62 |
| Beauty Salon | $37.26 | $39.05 |
Detailed Inverness Highlands South Groceries Costs Vs. Florida
| Item | Inverness Highlands South | Florida |
|---|---|---|
| Ground Beef | $5.29 | $4.22 |
| Fried Chicken | $1.74 | $1.39 |
| Milk | $2.66 | $2.05 |
| Potatoes | $3.51 | $3.29 |
| Pizza | $10.25 | $10.62 |
| Beer | $10.69 | $9.38 |
| Toothpaste | $2.82 | $2.34 |
Detailed Inverness Highlands South Health Costs Vs. Florida
| Item | Inverness Highlands South | Florida |
|---|---|---|
| Optometrist | $99.12 | $108.57 |
| Doctor | $99.22 | $116.17 |
| Dentist | $105.57 | $99.13 |
Detailed Inverness Highlands South Transportation Costs Vs. Florida
| Item | Inverness Highlands South | Florida |
|---|---|---|
| Gasoline | $2.11 | $2.22 |
| Tire Balancing | $55.26 | $50.07 |
Detailed Inverness Highlands South Utilities Costs Vs. Florida
| Item | Inverness Highlands South | Florida |
|---|---|---|
| All Electricity | $165.98 | $167.67 |
| Phone | $189.52 | $175.64 |
Inverness Highlands South SnackAbility
/10
Cost Of Living In Cities Around Inverness Highlands South
The cost of living varies in the cities and towns around Inverness Highlands South. Here's a quick look at the cost of living in the most populous nearby places:
Spring Hill, FL has a cost of living index of 93, 1.1x Inverness Highlands South.
The Villages, FL has a cost of living index of 108, 1.2x Inverness Highlands South.
Wesley Chapel, FL has a cost of living index of 103, 1.2x Inverness Highlands South.
| City | Population | Cost Of Living | Vs. Inverness Highlands South |
|---|---|---|---|
| Spring Hill, FL | 114,706 | 93 | 1.1x |
| The Villages, FL | 76,415 | 108 | 1.2x |
| Wesley Chapel, FL | 65,134 | 103 | 1.2x |
| Apopka, FL | 54,110 | 95 | 1.1x |
| Winter Garden, FL | 45,978 | 103 | 1.2x |
| Land O' Lakes, FL | 38,674 | 104 | 1.2x |
| Keystone, FL | 25,397 | 125 | 1.4x |
| Northdale, FL | 24,924 | 102 | 1.2x |
| Lutz, FL | 23,827 | 104 | 1.2x |
| Trinity, FL | 18,191 | 116 | 1.3x |
