Inverness, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Inverness, Illinois had a total population of 7,275, the 275th largest village in Illinois, with a median household income of $207,434, which is 149% higher than the state average. The poverty rate is 2.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 149% above the state average — one of the wealthiest communities in Illinois.
- An exceptionally low poverty rate of 2.6% — among the lowest in Illinois.
- 68.5% of adults hold a bachelor's degree or higher — top 10% in Illinois.
Inverness Quick Facts
How Inverness Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 7,541 | 7,275 | -3.5% |
| Median household income | $215,810 | $207,434 | -3.9% |
| Median home value | $704,100 | $715,600 | +1.6% |
How Inverness Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Inverness Rankings in Illinois
Explore Illinois Rankings
Other Cities in Cook County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Chicago | 2,711,226 | $77,902 | 16.8% | $334,100 |
| Elgin | 114,934 | $90,282 | 9.8% | $273,000 |
| Cicero | 82,797 | $70,842 | 14.6% | $249,400 |
| Schaumburg | 76,868 | $97,514 | 5.7% | $330,400 |
| Evanston | 76,340 | $96,434 | 11.8% | $481,200 |
| Arlington Heights | 76,005 | $116,723 | 6.0% | $414,500 |
| Palatine | 66,293 | $97,819 | 8.2% | $355,600 |
| Skokie | 66,219 | $95,337 | 9.7% | $387,200 |
| Des Plaines | 59,156 | $97,875 | 6.0% | $335,600 |
| Orland Park | 57,916 | $98,910 | 7.3% | $367,200 |
Cities Similar to Inverness
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lincolnshire | 7,980 | $185,580 | $677,700 | 77.0% | 5.2% |
| Oak Brook | 8,056 | $175,870 | $903,200 | 66.4% | 6.6% |
| Lake Bluff | 6,041 | $204,000 | $776,700 | 81.6% | 1.5% |
| Volo | 6,706 | $160,792 | $319,700 | 52.2% | 2.1% |
| Long Grove | 8,305 | $250,000+ | $804,600 | 75.7% | 1.2% |
Population Overview
Inverness is a small city located in Illinois, within Cook County. The total population is 7,275. It ranks as the 275th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Inverness is 56.4 years. This is 45% higher than the state median of 39.0 years. 12.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Inverness is $207,434. This is 149% higher than the state median of $83,390. It is also 157% higher than the national median of $80,734. The poverty rate stands at 2.6%. This is 78% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.3%. This is 43% lower than the state rate of 5.8%. The median home value is $715,600. Housing costs are 172% higher than the state median of $263,300. The home-value-to-income ratio is 3.4x. 98.3% of occupied housing units are owner-occupied. This homeownership rate is 46% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Inverness is White (non-Hispanic), making up 76.4% of the population. Asian residents account for 20.0%. The Black or African American population (0.7%) is well below the state average of 13.3%. The Hispanic or Latino population (0.7%) is well below the state average of 18.8%. The Asian population is significantly higher than the state average (20.0% vs 5.9%).
Education
68.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Inverness in the top 10% of all cities in the state for educational attainment. This is 81% higher than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.2%. Notably, 29.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Inverness, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Inverness, Illinois?
Inverness, Illinois has a population of 7,275 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Inverness, IL?
The median household income in Inverness is $207,434, which is 157% higher than the national median of $80,734.
What is the poverty rate in Inverness, IL?
The poverty rate in Inverness is 2.6%. This means approximately 183 residents live below the federal poverty line.
What is the racial makeup of Inverness, Illinois?
Inverness's population is 76.4% White, 0.7% Black, 0.7% Hispanic/Latino, and 20.0% Asian.
What is the median home value in Inverness, IL?
The median home value in Inverness is $715,600. The home-value-to-income ratio is 3.4x.
How educated is Inverness, Illinois?
68.5% of adults (25+) in Inverness hold a bachelor's degree or higher, and 29.6% hold a graduate or professional degree.