Cost of Living in Inverness, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.7
100 = national avg
-13.3 vs national average
Living Wage (1 Adult)
$38,138
per year
Living Wage (Family of 4)
$90,144
per year
Cost Index by Category
Housing95.5
Food84.3
Transportation83.9
Healthcare87.5
Utilities89.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$988
per month
2 Bedroom
$1,225
per month
The overall cost of living index in Inverness is 86.7, which is 13.3% below the national average. Housing costs are below the national average at an index of 95.5. A single adult needs to earn approximately $38,138 per year to cover basic expenses.