Inverness, FL

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Population

7,164

0.555% decline

Median Age

58.6


Median Household Income

$26,857

8.17% growth

Poverty Rate

25.8%


Number of Employees

1,794

2.16% growth

Median Property Value

$97,700

4.6% growth

About

In 2017, Inverness, FL had a population of 7.16k people with a median age of 58.6 and a median household income of $26,857. Between 2016 and 2017 the population of Inverness, FL declined from 7,204 to 7,164, a -0.555% decrease and its median household income grew from $24,829 to $26,857, a 8.17% increase.

The population of Inverness, FL is 88.6% White Alone, 6.64% Black or African American Alone, and 2.92% Hispanic or Latino. 6.16% of the people in Inverness, FL speak a non-English language, and 99.3% are U.S. citizens.

The largest universities in Inverness, FL are Withlacoochee Technical College (243 degrees awarded in 2016).

The median property value in Inverness, FL is $97,700, and the homeownership rate is 61.5%. Most people in Inverness, FL commute by Drove Alone, and the average commute time is 21.5 minutes. The average car ownership in Inverness, FL is 2 cars per household.

Economy

The economy of Inverness, FL employs 1.79k people. The largest industries in Inverness, FL are Health Care & Social Assistance (336 people), Retail Trade (255 people), and Accommodation & Food Services (202 people), and the highest paying industries are Public Administration ($45,375), Educational Services ($42,237), and Construction ($33,684).

Median household income in Inverness, FL is $26,857. Males in Inverness, FL have an average income that is 1.34 times higher than the average income of females, which is $44,078. The income inequality in Inverness, FL (measured using the Gini index) is 0.473, which is lower than than the national average.

Wages

Median Household Income

$26,857

2017 value

± $3,769

8.17%

1 Year Growth

± 16.8%

Households in Inverness, FL have a median annual income of $26,857, which is less than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $24,829 in 2016, which represents a 8.17% annual growth.

Look at the chart to see how the median household income in Inverness, FL compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

$58,931

Average Male Salary

± $842

$44,078

Average Female Salary

± $574

In 2017, full-time male employees in Inverness, FL made 1.34 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in Inverness, FL by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $54,227 ± $3,227

  2. Alaska Native

    $50,175 ± $47,169

  3. White

    $47,927 ± $556

In 2017 the highest paid race/ethnicity of Inverness, FL workers was Asian. These workers were paid 1.08 times more than Alaska Native workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in Inverness, FL by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Inverness, FL is from Florida.

0.473

2017 Wage GINI

0.471

2016 Wage GINI

In 2017, the income inequality in Florida was 0.473 according to the GINI calculation of the wage distribution. Income inequality had a 0.259% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for Florida was lower than than the national average of 0.479. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 4507.02

  2. Census Tract 4514

  3. Census Tract 4510

In 2017, the place with the highest Median Household Income (Total) in Inverness, FL was Census Tract 4507.02 with a value of $41,984, followed by Census Tract 4514 and Census Tract 4510, with respective values of $37,621 and $35,640.

The following map shows all of the places in Inverness, FL colored by their Median Household Income (Total).

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Poverty by Age and Gender

Females 35 - 44

Largest Demographic Living in Poverty

25.8% of the population for whom poverty status is determined in Inverness, FL (1.76k out of 6.82k people) live below the poverty line, a number that is higher than the national average of 13.4%. The largest demographic living in poverty are Females 35 - 44, followed by Females 65 - 74 and then Females 55 - 64.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    1,626 ± 290

  2. Black

    119 ± 121

  3. Hispanic

    104 ± 102

The most common racial or ethnic group living below the poverty line in Inverness, FL is White, followed by Black and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Occupations

Employment by Occupations

1.79k

2017 Value

± 332

2.16%

1 Year growth

± 25.2%

From 2016 to 2017, employment in Inverness, FL grew at a rate of 2.16%, from 1.76k employees to 1.79k employees.

The most common job groups, by number of people living in Inverness, FL, are Office & Administrative Support Occupations (267 people), Food Preparation & Serving Related Occupations (246 people), and Management Occupations (161 people). This chart illustrates the share breakdown of the primary jobs held by residents of Inverness, FL.

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Most Common

The most common jobs held by residents of Inverness, FL, by number of employees, are Office & Administrative Support Occupations (267 people), Food Preparation & Serving Related Occupations (246 people), and Management Occupations (161 people).

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Most Specialized

Compared to other places, Inverness, FL has an unusually high number of residents working as Food Preparation & Serving Related Occupations (2.34 times higher than expected), Health Technologists & Technicians (2.22 times), and Healthcare Support Occupations (2.1 times).

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Highest Paid

The highest paid jobs held by residents of Inverness, FL, by median earnings, are Health Diagnosing & Treating Practitioners & Other Technical Occupations ($76,413), Education, Training, & Library Occupations ($50,268), and Education, Legal, Community Service, Arts, & Media Occupations ($47,250).

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Industries

Employment by Industries

1.79k

2017 Value

± 332

2.16%

1 Year growth

± 25.2%

From 2016 to 2017, employment in Inverness, FL grew at a rate of 2.16%, from 1.76k employees to 1.79k employees.

The most common employment sectors for those who live in Inverness, FL, are Health Care & Social Assistance (336 people), Retail Trade (255 people), and Accommodation & Food Services (202 people). This chart shows the share breakdown of the primary industries for residents of Inverness, FL, though some of these residents may live in Inverness, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Inverness, FL, by number of employees, are Health Care & Social Assistance (336 people), Retail Trade (255 people), and Accommodation & Food Services (202 people).

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Most Specialized

Compared to other places, Inverness, FL has an unusually high number of Public Administration (1.66 times higher than expected), Construction (1.58 times), and Agriculture, Forestry, Fishing & Hunting (1.55 times) industries.

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Highest Paying

The highest paying industries in Inverness, FL, by median earnings, are Public Administration ($45,375), Educational Services ($42,237), and Construction ($33,684).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Florida to other states, or from other states to Florida.

Top Domestic Production in Dollars

  1. $57.1B

  2. $44.9B

  3. $41.8B

In 2015, the top outbound Florida product (by dollars) was Mixed freight with $57.1B, followed by Pharmaceuticals with $44.9B and Gasoline and $41.8B.

The following chart shows the share of these products in relation to all outbound Florida products.

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Domestic Trade Growth

Showing data for Florida state.

$457B

2015 Value

$714B

Projected 2045 Value

56.2% growth

In 2015, total outbound Florida trade was $457B. This is expected to increase 56.2% to $714B by 2045.

The following chart shows how the domestic outbound Florida trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Florida to other states, or from other states to Florida.

Most Common Trade Partners

  1. $17.7B

  2. $15.1B

  3. $10.7B

In 2015, the top outbound Florida domestic partner for goods and services (by dollars) was Georgia with $17.7B, followed by Texas with $15.1B and California and $10.7B.

The following map shows the amount of trade that Florida shares with each state (excluding itself).

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Health

90.5% of the population of Inverness, FL has health coverage, with 19.3% on employee plans, 23.7% on Medicaid, 30.9% on Medicare, 13.3% on non-group plans, and 3.31% on military or VA plans.

Per capita personal health care spending in the place of Inverness, FL was $8,076 in 2014. This is a 5.05% increase from the previous year ($7,688).

Primary care physicians in Inverness, FL see 1376 patients per year on average, which represents a 0.218% decrease from the previous year (1379 patients). Compare this to dentists who see 1735 patients per year, and mental health providers who see 703 patients per year.

Comparing across all counties in the state, Gadsden County has the highest prevalence of diabetes (16.9%). Additionally, Liberty County has the highest prevalence of adult obesity (39.6%)

Patient to Clinician Ratios

Data is only available at the state level. Showing data for Florida.

1,376 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in Florida see an average of 1,376 patients per year. This represents a 0.218% decrease from the previous year (1,379 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Florida in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

Data is only available at the state level. Showing data for Florida.

$8,076

Total Per Capita Spending on Personal Health Care 

$4,606

Per Enrollee Private Health Insurance Spending on Personal Health Care

$5,175

Per Enrollee Medicaid Spending on Personal Health Care

$12,229

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in Florida (including private, Medicare, and Medicaid) grew 5.05%, from $7,688 to $8,076.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

9.48%

Uninsured

19.3%

Employer Coverage

23.7%

Medicaid

30.9%

Medicare

13.3%

Non-Group

3.31%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Inverness, FL declined by 10.5% from 10.6% to 9.48%.

The following chart shows how the percent of uninsured individuals in Inverness, FL changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. 16.9% prevalence

  2. 15.8% prevalence

  3. 15.5% prevalence

Gadsden County has the highest prevalence of diabetes in Florida, at 16.9%.

The following map shows the prevalence of diabetes in Florida by county over multiple years.

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Diversity

Inverness, FL is home to a population of 7.16k people, from which 99.3% are citizens. As of 2017, 3.56% of Inverness, FL residents were born outside of the country.

The ethnic composition of the population of Inverness, FL is composed of 6.35k White Alone residents (88.6%), 476 Black or African American Alone residents (6.64%), 209 Hispanic or Latino residents (2.92%), 83 Two or More Races residents (1.16%), 36 Asian Alone residents (0.503%), 10 American Indian & Alaska Native Alone residents (0.14%), 0 Native Hawaiian & Other Pacific Islander Alone residents (0%), and 0 Some Other Race Alone residents (0%).

The most common foreign languages spoken in Inverness, FL are Spanish or Spanish Creole (230 speakers), Other Slavic Languages (60 speakers), and Urdu (42 speakers).

Age

Age by Nativity

59

Median Native-Born Age

± 2.6

55

Median Foreign-Born Age

± 9.4

In 2017, the median age of all people in Inverness, FL was 58.6. Native-born citizens, with a median age of 59, were generally older than than foreign-born citizens, with a median age of 55. But people in Inverness, FL are getting getting older. In 2016, the average age of all Inverness, FL residents was 55.

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Heritage

Foreign-Born Population

3.56%

2017 Foreign-Born Population

4.26%

2016 Foreign-Born Population

As of 2017, 3.56% of Inverness, FL residents were born outside of the United States, which is lower than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Inverness, FL was 4.26%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Inverness, FL compared to that of it's neighboring and parent geographies.

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Global Diversity

Most Common Origin

  1. Cuba

    951,787 ± 23,383 people

  2. Haiti

    321,904 ± 13,819 people

  3. Mexico

    272,262 ± 12,724 people

In 2017, the most common birthplace for the foreign-born residents of Inverness, FL was Cuba, the natal country of 951,787 Inverness, FL residents, followed by Haiti with 321,904 and Mexico with 272,262.

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Citizenship

99.3%

2017 Citizenship

98.9%

2016 Citizenship

As of 2017, 99.3% of Inverness, FL residents were US citizens, which is higher than the national average of 93.1%. In 2016, the percentage of US citizens in Inverness, FL was 98.9%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Inverness, FL compared to that of it's neighboring and parent geographies.

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Race and Ethnicity

Most Common

  1. White Alone

    6.35k ± 306

  2. Black or African American Alone

    476 ± 265

  3. Hispanic or Latino

    209 ± 174

In 2017, there were 13.3 times more White Alone residents (6.35k people) in Inverness, FL than any other race or ethnicity. There were 476 Black or African American Alone and 209 Hispanic or Latino residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Inverness, FL as a share of the total population.

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Non-English Speakers

Most Common Languages

  1. Spanish or Spanish Creole

    230 speakers (3.31%)

  2. Other Slavic Languages

    60 speakers (0.864%)

  3. Urdu

    42 speakers (0.605%)

6.16% of Inverness, FL citizens are speakers of a non-English language, which is lower than the national average of 21.5%. In 2015, the most common non-English language spoken in Inverness, FL was Spanish or Spanish Creole. 3.31% of the overall population of Inverness, FL are native Spanish or Spanish Creole speakers. 0.864% speak Other Slavic Languages and 0.605% speak Spanish or Spanish Creole, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    291 ± 111

  2. Korea

    223 ± 87

  3. Gulf War (1990s)

    126 ± 131

Inverness, FL has a large population of military personnel who served in Vietnam, 1.3 times greater than any other conflict.

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Education

In 2016, universities in Inverness, FL awarded 243 degrees. The student population of Inverness, FL is skewed towards men, with 176 male students and 112 female students.

Most students graduating from Universities in Inverness, FL are White (201 and 82.7%), followed by Hispanic or Latino (21 and 8.64%), Black or African American (12 and 4.94%), and Two or More Races (5 and 2.06%).

The largest universities in Inverness, FL by number of degrees awarded are Withlacoochee Technical College (243 and 100%).

The most popular majors in Inverness, FL are Criminal Justice - Police Science (57 and 23.5%), Nursing Assistant & Patient Care Assistant (31 and 12.8%), and General Cosmetology (24 and 9.88%).

The median tuition costs in Inverness, FL are $N/A for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

In 2015, the most common concentation for < 1 Year Postsecondary Certificate recipients in Inverness, FL was Computer & Computer Systems Technology with 17 degrees awarded.

This visualization illustrates the percentage of students graduating with a < 1 Year Postsecondary Certificate from schools in Inverness, FL according to their major.

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Universities

Largest Universities by degrees awarded

243 degrees awarded

$N/A

Median In-State Public

$N/A

Median Private

In 2016, the Inverness, FL institution with the largest number of graduating students was Withlacoochee Technical College with 243 degrees awarded.

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Student Gender for Common Institutions

141

Degrees Awarded to Men

102

Degrees Awarded to Women

In 2016, 141 men were awarded degrees from institutions in Inverness, FL, which is 1.38 times more than the 102 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Inverness, FL by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    201 degrees awarded

  2. Hispanic or Latino

    21 degrees awarded

  3. Black or African American

    12 degrees awarded

In 2016 the majority of degrees awarded at institutions in Inverness, FL were to White students. These 201 degrees mean that there were 9.57 times more White students then the next closest race/ethnicity group, Hispanic or Latino, with 21 degrees awarded.

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Housing & Living

The median property value in Inverness, FL was $97,700 in 2017, which is 0.449 times smaller than the national average of $217,600. Between 2016 and 2017 the median property value increased from $93,400 to $97,700, a 4.6% increase. The homeownership rate in Inverness, FL is 61.5%, which is lower than the national average of 63.9%. People in Inverness, FL have an average commute time of 21.5 minutes, and they commute by Drove Alone. Car ownership in Inverness, FL is approximately the same as the national average, with an average of 2 cars per household.

Income

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$26,857

Median Household Income

± $3,769

3.39k

Number of Households

± 400

In 2017, the median household income of the 3.39k households in Inverness, FL grew to $26,857 from the previous year's value of $24,829.

The following chart displays the households in Inverness, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $15k - $20k range.

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Housing

Property Value

$97,700

2017 Median

± $3,617

$93,400

2016 Median

± $3,789

In 2017, the median property value in Inverness, FL grew to to $97,700 from the previous year's value of $93,400.

The following charts display, first, the property values in Inverness, FL compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Inverness, FL the largest share of households have a property value in the $100k - $125k range.

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Property Taxes

< $800

Average Range

This chart shows the households in Inverness, FL distributed between a series of property tax buckets compared to the national averages for each bucket. In Inverness, FL the largest share of households pay taxes in the < $800 range.

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Rent vs Own

61.5%

2017 Homeownership

63.3%

2016 Homeownership

In 2017, 61.5% of the housing units in Inverness, FL were occupied by their owner. This percentage declined from the previous year's rate of 63.3%.

This percentage of owner-occupation is lower than the national average of 63.9%. This chart shows the ownership percentage in Inverness, FL compared it's parent and neighboring geographies.

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Transportation

Car Ownership

2 cars

Average Number

The following chart displays the households in Inverness, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Inverness, FL have 2 cars, followed by 1 car.

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Commute Time

21.5 minutes

Average Travel Time

Using averages, employees in Inverness, FL have a shorter commute time (21.5 minutes) than the normal US worker (25.1 minutes). Additionally, 0.532% of the workforce in Inverness, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Inverness, FL compares to that of it's neighboring and parent geographies.

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    77.7%

  2. Carpooled

    11.6%

  3. Walked

    3.9%

In 2017, the most common method of travel for workers in Inverness, FL was Drove Alone, followed by those who Carpooled and those who Walked.

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