Map. Inverness has $156,938 median household income in 2010-2014, ranked #10 in Illinois, grew 10.78% since 2000. Under the standard rule, that income level would allow for $4,119 to be budgeted for housing expenses each month, at the most. Inverness is a suburban village in Cook County, Illinois, United States. (The Center Square) – Inverness was ranked the richest town in Illinois in a 24/7 Wall St. analysis examining small, affluent communities where most households earn at least three times the state’s median annual household income. With a population of 7,747, Inverness recorded a median home value of $625,100, based on household financial data that was collected before the coronavirus … The population was 7,399 at the 2010 census. The median income in Inverness, IL is $161,008 and the median home value is $565,885. Inverness typical careers, income data, employment status, etc. In Inverness, the median monthly income is $176,548 for those who own their own homes. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Inverness, Illinois photos, features, population & income data. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. About 1.2% of families and 1.5% of the population were below the poverty line , including 0.4% of those under age 18 and 1.8% of those age 65 or over. Dashboard. In 2017, Inverness, IL had a population of 7.72k people with a median age of 50.8 and a median household income of $173,828. There are 3,911 male residents living in Inverness and 3,836 female residents. The US average is 4.6%. and rankings also included. Income and Salaries for Inverness - The average income of a Inverness resident is $91,623 a year. The Village of Inverness had a population of 7,330 as of July 1, 2020. - The Median household income of a Inverness resident is $156,938 a year. The average household income in Inverness is $234,625 with a poverty rate of 1.24%. The least populous of the compared places has a population of 37,567. - Tax Rates can have a big impact when Comparing Cost of Living. In Inverness, HUD calculates the Area Median Income for a family of four as $91,000 Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. More. Clear 1 Table. Males had a median income of greater than $100,000 versus $60,298 for females. Between 2016 and 2017 the population of Inverness, IL declined from 7,844 to 7,723, a -1.54% decrease and its median household income grew from $172,949 to $173,828, a 0.508% increase. Inverness village, Illinois. Inverness ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. Median household income (in 2018 dollars), 2014-2018: $180,541: The median rental costs in recent years comes to - per month, and the median house value is $625,100. Household Income by Place in Illinois There are 1,368 places in Illinois. The median age in Inverness is 51.2 years, 51.2 years for males, and 51 years … The US average is $28,555 a year. The per capita income for the village was $73,271, making Inverness one of the wealthiest suburbs in Chicago. Inverness is an area in Palatine,Cook County,Illinois with a population of 7,747. Chart. - The Income Tax Rate for Inverness is 5.0%. Renters, on the other hand, earn about $0, per the median income in the area. This section compares Inverness to the 50 most populous places in Illinois and to those entities that contain or substantially overlap with Inverness. Print. The total number of households is 2,702 with 3 people per household on average.The median age of the current population is 51 with 4,360 people being married and 2,352 being single.
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