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The Village of Inverness had a population of 7,348 as of July 1, 2024. Inverness ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.
The primary coordinate point for Inverness is located at latitude 42.1181 and longitude -88.0962 in Cook County. The formal boundaries for the Village of Inverness encompass a land area of 6.54 sq. miles and a water area of 0.16 sq. miles. Cook County is in the Central time zone (GMT -6).
The Village of Inverness has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The Village of Inverness is located within Township of Palatine, a minor civil division (MCD) of Cook County.
POPULATION | |
---|---|
Total Population | 7,348 (100%) |
Population in Households | 7,232 (98.4%) |
Population in Families | 6,637 (90.3%) |
Population in Group Quarters1 | 116 ( 1.6%) |
Population Density | 1,125 |
Diversity Index2 | 45 |
INCOME | |
Median Household Income | $180,294 |
Average Household Income | $246,329 |
% of Income for Mortgage4 | 21% |
Per Capita Income | $90,169 |
Wealth Index5 | 278 |
Socioeconomic Status Index6 | High (71.9) |
HOUSING | |
---|---|
Total HU (Housing Units) | 2,870 (100%) |
Owner Occupied HU | 2,503 (87.2%) |
Renter Occupied HU | 186 ( 6.5%) |
Vacant Housing Units | 181 ( 6.3%) |
Median Home Value | $605,632 |
Average Home Value | $652,986 |
Housing Affordability Index3 | 104 |
HOUSEHOLDS | |
Total Households | 2,689 |
Average Household Size | 2.69 |
Family Households | 2,224 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2024 | 2024-2029 |
---|---|---|
Population | -0.84% | -0.59% |
Households | -0.31% | -0.10% |
Families | -0.06% | |
Median Household Income | 1.76% | |
Per Capita Income | 2.72% | |
Owner Occupied HU | 0.18% |
The table below compares Inverness to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 275 | 81st |
Population Density | # 613 | 58th |
Median Household Income | # 18 | 99th |
Housing Affordability Index | # 385 | 26th |
Per Capita Income | # 11 | 99th |
Diversity Index | # 340 | 77th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.
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