Housing costs in Cumberland?
A typical home costs
$273,600, which is 19.1% less expensive than the national average of
$338,100 and 23.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Cumberland costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Cumberland?
To live comfortably in Cumberland, Indiana, a minimum annual income of
$52,560 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Cumberland?
Cumberland, IN is an affordable place to live with a relatively low cost of living. The median home value is around $160,000 and the median household income is slightly over $51,000. Many residents find that their rent or mortgage payments are much lower than those in more populated areas, making Cumberland an attractive option for many looking to buy or rent a home. Utility costs are also lower here, with electricity and other services being among the lowest in the state. Additionally, groceries and other necessities can be purchased at reasonable prices as there are several local markets throughout the town offering competitive prices on everyday items. All in all, living in Cumberland means you can enjoy a comfortable lifestyle without breaking the bank.