Housing costs in Cumberland?
A typical home costs
$58,700, which is 82.6% less expensive than the national average of
$338,100 and 69.8% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Cumberland costs
$590 per month, which is 58.7% cheaper than the national average of
$1,430 and 55.9% cheaper than the state average of
$920.
Can I afford Cumberland?
To live comfortably in Cumberland, Kentucky, a minimum annual income of
$11,160 for a family, and
$18,800 for a single person is recommended.
What does A.I. say about Cumberland?
Cumberland, KY is known for being a relatively inexpensive area to live in. The cost of living is typically lower than national averages, and the housing market is particularly affordable. The median home price is around $87,000, which makes it easy to find an affordable place to live. Additionally, food costs are relatively low, with groceries costing about 5-10% less than other areas in the US. Other expenses such as utilities and transportation are also reasonably priced compared to other places in the country. Overall, Cumberland offers an attractive combination of low cost of living and quality services that make it an ideal place for those looking to save money while still living comfortably.