Cost of living
Inverness, Alabama
(Inverness is Located in Bullock County)
Cost of living in Inverness, Alabama
Cost of living
compared to USA
low
Cost of living
compared to Alabama
high
Median household
income
moderate
Is it expensive to live in Inverness, Alabama? When calculating the cost of living in Inverness, Alabama we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Inverness, Alabama is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama, while median household income in Inverness is $60,972 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama.
Taxes in Inverness, Alabama
The sales tax rate in Inverness, Alabama is 9.5%. Last year, the average property taxes paid was 0.4% Inverness, Alabama.
Here is the table with the State Income Taxes in the state of Alabama:
State Income Tax Brackets:
| Income Brackets(single): | Income Brackets(Married): | Alabama Income Tax Rate |
|---|---|---|
| $0 - $500 | $0 - $1,000 | 2.0% |
| $500 - $3,000 | $1,000 - $6,000 | 4.0% |
| >= $3,000 | >= $6,000 | 5.0% |
Housing costs in Inverness, Alabama
The average cost of
a single-family home
compated to USA
low
The average cost of
a single-family home
compated to Alabama
low
In Inverness, Alabama, 80.0% of the population owns their homes, while approximately 20.0% rent. The average cost of a single-family home in Inverness, Alabama in 2022 is $184,380 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Alabama. The average one-bedroom apartment cost is approximately $[no data] per month.
| Rental Size | Monthly Cost | Compared to Alabama |
|---|---|---|
| 1 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Cities Near Inverness, AL
Get detailed information on cities nearest to Inverness, AL
Banks-Josie, AL
Location data:
Within 10-50 miles from an airport
Race diversity
Low property tax
Needmore, AL
Location data:
Low property tax
Low wildfire risk
More people with STEM degrees
Fitzpatrick, AL
Location data:
Low earthquake risk
Low volcanic hazard risk
Low poverty rate
Cities Near Inverness, AL
Get detailed information on cities nearest to Inverness, AL
Banks-Josie, AL
Location data:
Within 10-50 miles from an airport
Race diversity
Low property tax
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