Illinois · Census place 37608
Inverness village, IL
Quick answer
Inverness village has 7,541 residents, ranking #273 of 1462 places in Illinois. Median household income is $215,810, the median home is worth $704,100 and median gross rent runs $3,501 a month.
- Population
- 7,541Inverness village residents
- Median household income
- $215,810Past 12 months, inflation adjusted
- Median home value
- $704,100Owner-occupied units
- Median gross rent
- $3,501Rent plus utilities, monthly
- Median age
- 54.3 yrsAll residents
- Homeownership rate
- 97.9%Owner-occupied households
What the numbers mean in Inverness village
Housing cost measured against local earnings.
A household earning the Inverness village median would spend about 19.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.7% of residents and 97.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Round Lake Park village 7,833
- Princeton city 7,829
- Park City city 7,631
- North Riverside village 7,495
- Jerseyville city 7,432
- Salem city 7,341
- Greenville city 7,159
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More Illinois coverage.