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Inverness City, Florida Economic Analysis

   (County: Citrus County)

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Economic Analysis

People and the communities they live in depend on money. The people of Inverness City, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Inverness City, Florida

12:00 A.M. TO 4:59 A.M.   : 72   (3.7%)
5:00 A.M. TO 5:29 A.M.   : 23   (1.2%)
5:30 A.M. TO 5:59 A.M.   : 91   (4.7%)
6:00 A.M. TO 6:29 A.M.   : 125   (6.4%)
6:30 A.M. TO 6:59 A.M.   : 204   (10.5%)
7:00 A.M. TO 7:29 A.M.   : 294   (15.1%)
7:30 A.M. TO 7:59 A.M.   : 234   (12.0%)
8:00 A.M. TO 8:29 A.M.   : 317   (16.3%)
8:30 A.M. TO 8:59 A.M.   : 127   (6.5%)
9:00 A.M. TO 9:59 A.M.   : 147   (7.5%)
10:00 A.M. TO 10:59 A.M.   : 88   (4.5%)
11:00 A.M. TO 11:59 A.M.   : 31   (1.6%)
12:00 P.M. TO 3:59 P.M.   : 110   (5.6%)
4:00 P.M. TO 11:59 P.M.   : 85   (4.4%)


(updated 2010)



Means Of Transportation
(Inverness City, Florida)

Car, truck, or van:

Drove alone : 1,810

Carpooled:

In 2-person carpool : 78

In 3-person carpool : 95

In 4-person carpool : 0

In 5- or 6-person carpool : 0

In 7-or-more-person carpool : 25

Public transportation (excluding taxicab):

Bus or trolley bus : 151

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 0

Bicycle : 20

Walked : 137

Other means : 48

Worked at home : 29


(updated 2009)



Travel Time To Work
(Inverness City, Florida)

Less than 5 minutes : 178

5 to 9 minutes : 466

10 to 14 minutes : 209

15 to 19 minutes : 419

20 to 24 minutes : 231

25 to 29 minutes : 133

30 to 34 minutes : 315

35 to 39 minutes : 19

40 to 44 minutes : 47

45 to 59 minutes : 192

60 to 89 minutes : 64

90 or more minutes : 91


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Inverness City, Florida)

With Social Security income : 1,827

No Social Security income : 1,556


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Inverness City, Florida)

With retirement income : 1,133

No retirement income : 2,250


(updated 2009)



Family Income (Annual)
(Inverness City, Florida)

Less than $10,000 : 55

$10,000 to $14,999 : 33

$15,000 to $19,999 : 50

$20,000 to $24,999 : 201

$25,000 to $29,999 : 220

$30,000 to $34,999 : 156

$35,000 to $39,999 : 170

$40,000 to $44,999 : 124

$45,000 to $49,999 : 83

$50,000 to $59,999 : 188

$60,000 to $74,999 : 290

$75,000 to $99,999 : 42

$100,000 to $124,999 : 101

$125,000 to $149,999 : 0

$150,000 to $199,999 : 0

$200,000 or more : 10


(updated 2009)



Median Family Income (Annual)
(Inverness City, Florida)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $39,123


(updated 2009)



AM Radio Stations Near Inverness City, Florida

  • WKFL (1170 AM; 5.0 kW; Bushnell, FL; Owner: Talknsports, Inc.)
  • DWCFI (1290 AM; 5.0 kW; Ocala, FL; Owner: Vector Communications, Inc.)
  • WOCA (1370 AM; 5.0 kW; Ocala, FL; Owner: Westshore Broadcasting, Inc.)
  • WQBQ (1410 AM; 5.0 kW; Leesburg, FL; Owner: Rama Communications, Inc.)
  • WWJB (1450 AM; 1.0 kW; Brooksville, FL; Owner: Hernando Broadcasting Company, Inc.)
  • WINV (1560 AM; 5.0 kW; Inverness, FL; Owner: Wgul-fm, Inc.)
  • WVLG (640 AM; 0.93 kW; Lady Lake, FL; Owner: Senior Broadcasting Corporation)
  • WRZN (720 AM; 10.0 kW; Hernando, FL; Owner: 6 Johnson Road Licenses, Inc.)
  • WMOP (900 AM; 2.7 kW; Ocala, FL; Owner: Florida Sportstalk, Inc.)

FM Radio Stations Near Inverness City, Florida

  • WTRS (102.3 FM; Ocala, FL; Owner: Asterisk Communications, Inc.)
  • WIFL (104.3 FM; Yankeetown, FL; Owner: Nature Coast Broadcasting, Inc.)
  • WJQB (106.3 FM; Brooksville, FL; Owner: Wgul-fm, Inc.)
  • NEW (88.1 FM; Brooksville, FL; Owner: Christian Radio Media, Inc.)
  • NEW (88.1 FM; Brooksville, FL; Owner: Community Radio Foundation Of Florida, Inc.)
  • NEW (88.1 FM; Brooksville, FL; Owner: Reach Communications, Inc.)
  • NEW (88.1 FM; Brooksville, FL; Owner: Westminster Academy)
  • WHIJ (88.1 FM; Ocala, FL; Owner: Radio Training Network, Inc.)
  • WLMS (88.3 FM; Beverly Hills, FL; Owner: Bishop Of The Diocese Of St Petersburg)
  • NEW (88.7 FM; Ocala, FL; Owner: Calvary Chapel Ocala)
  • WJUF (90.1 FM; Lecanto, FL; Owner: Board Of Trustees, University Of Florida)
  • WAQV (90.9 FM; Dunnellon, FL; Owner: Radio Training Network, Inc.)
  • WYFZ (91.3 FM; Ocala, FL; Owner: Bible Broadcasting Network, Inc.)
  • WHGN (91.9 FM; Lecanto, FL; Owner: The Moody Bible Institute Of Chicago)
  • WMFQ (92.9 FM; Belleview, FL; Owner: Asterisk Communications, Inc)
  • WXCV (95.3 FM; Crystal River, FL; Owner: Wxof, Inc.)
  • WTMP-FM (96.1 FM; Brooksville, FL; Owner: Tama Radio Licenses Of Tampa, Fl, Inc.)
  • WXOF (96.3 FM; Yankeetown, FL; Owner: Wgul-fm, Inc)
  • WFBI (99.3 FM; Dunnellon, FL; Owner: George S. Flinn, Jr.)
  • WFBI (99.3 FM; Inglis, FL; Owner: George S. Flinn, Jr.)
  • NEW (99.9 FM; Brooksville, FL; Owner: Flinn Jr., George S)

(updated 2008)



Occupations in Inverness City, Florida

Male:


  • Management, Professional, And Related Occupations: 196  (21.5%)
  • Service Occupations: 193  (21.2%)
  • Sales And Office Occupations: 151  (16.6%)
  • Farming, Fishing, And Forestry Occupations 15  (1.6%)
  • Construction, Extraction, And Maintenance Occupations: 205  (22.5%)

Female:


  • Management, Professional, And Related Occupations: 371  (31.3%)
  • Service Occupations: 306  (25.8%)
  • Sales And Office Occupations: 415  (35.0%)
  • Farming, Fishing, And Forestry Occupations 0  (0.0%)
  • Construction, Extraction, And Maintenance Occupations: 20  (1.7%)


(updated 2010)





There are 64 Farms In Inverness City, Florida


(updated 2008)



Banks In Inverness City, Florida

Brannen Bank - 3 Branches


    Bank Assets: $1.2m
    Industry Specialization: All Other < $1 Billion
    Total Offices: 12

Bank Of America, National Association - 2 Branches


    Bank Assets: $2.9b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Suntrust Bank - 2 Branches


    Bank Assets: $356.7m
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Regions Bank - 1 Branches


    Bank Assets: $117.9m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

Wells Fargo Bank, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Compass Bank - 1 Branches


    Bank Assets: $75.4m
    Industry Specialization: Commercial Lending
    Total Offices: 675

Cadence Bank, N.a. - 1 Branches


    Bank Assets: $7m
    Industry Specialization: Commercial Lending
    Total Offices: 98

Old Florida Bank - 1 Branches


    Bank Assets: $833.2k
    Industry Specialization: Commercial Lending
    Total Offices: 10

Branch Banking And Trust Company - 1 Branches


    Bank Assets: $183.6m
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Capital City Bank - 1 Branches


    Bank Assets: $2.5m
    Industry Specialization: Commercial Lending
    Total Offices: 79

(updated 2014)







Airports Near Inverness City, Florida

  • Ocala International-Jim Taylor Field


    (about 24.0 miles in Ocala, Florida; Airport Code: OCF)

  • Ocala Municipal


    (about 24.2 miles in Ocala, Florida; Airport Code: OCF)

  • Hernando County


    (about 26.2 miles in Brooksville, Florida; Airport Code: JZQ)

  • Leesburg Municipal


    (about 32.2 miles in Leesburg, Florida; Airport Code: LEE)

  • Leesburg International


    (about 32.2 miles in Leesburg, Florida; Airport Code: LEE)

  • Williston Municipal


    (about 36.5 miles in Williston, Florida; Airport Code: FL5)

  • Zephyrhills Municipal


    (about 43.7 miles in Zephyrhills, Florida; Airport Code: FL1)

  • Walt Disney World


    (about 57.3 miles in Lake Buena Vista, Florida; Airport Code: DWS)

  • Gainesville Regional


    (about 58.9 miles in Gainesville, Florida; Airport Code: GNV)


(updated 2015)



Modes of Transportation in Inverness City, Florida

Car, Truck, Or Van:

 

Drove Alone

73.69%

Carpooled

13.70%

Public Transportation:

 

Bus Or Trolley Bus

2.18%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.0%

Bicycle

0.0%

Walked

6.38%

Other Means

0.40%

Worked At Home

3.66%



(updated 2010)





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