Economy in Cumberland, Maryland
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Economy
| Unemployment Rate | 8.90% | 9.10% |
| Recent Job Growth | 0.47% | -0.12% |
| Future Job Growth | 32.04% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 7.68% | 6.25% |
| Income per Cap. | $19,665 | $27,067 |
| Household Income | $31,803 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 23.44% | 12.10% |
| Income between 15K and 25K | 17.68% | 10.18% |
| Income between 25K and 35K | 13.28% | 10.56% |
| Income between 35K and 50K | 15.54% | 14.98% |
| Income between 50K and 75K | 17.73% | 19.53% |
| Income between 75K and 100K | 5.94% | 12.52% |
| Income between 100K and 150K | 4.09% | 12.14% |
| Income between 150K and 250K | 0.84% | 3.91% |
| Income between 250K and 500K | 1.16% | 3.34% |
| Income greater than 500K | 0.31% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.00% | 13.81% |
| Professional and Related Occupations | 18.34% | 22.68% |
| Service | 21.11% | 14.51% |
| Sales and Office | 26.62% | 25.22% |
| Farming, Fishing, and Forestry | 0.19% | 0.68% |
| Construction, Extraction, and Maintenance | 8.66% | 9.37% |
| Production, Transportation, and Material Moving | 12.69% | 15.86% |
The unemployment rate in Cumberland, MD, is 8.90%, with job growth of 0.47%. Future job growth over the next ten years is predicted to be 32.04%.
Cumberland, MD Taxes
Cumberland, MD,sales tax rate is 6.00%. Income tax is 7.68%.
Cumberland, MD Income and Salaries
The income per capita is $19,665, which includes all adults and children. The median household income is $31,803.
Cumberland Economy SperlingViews
Don't move here: Don't move here because the governor and state legislature raise all types of taxes including Business taxes. Also the other reason to discourage people to move here is... (read more)Ups and Downs of mountain living: For a more accurate view of Cumberland, search zipcode 21502--Cumberland is scattered over several hills and creek beds, and the zip more accurately reflects the whole... (read more)Job Market, Real Estate and Taxation: Job market is mostly service industry driven, some jobs are available in manufacturing (Bayliner is one example), however for those jobs the hourly rates are below the... (read more)Have an opinion about Cumberland? Leave a commentTo See All SperlingViews for Cumberland Click Here
