Housing costs in Cumberland?
A typical home costs
$233,700, which is 30.9% less expensive than the national average of
$338,100 and 31.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Cumberland costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 44.3% cheaper than the state average of
$1,400.
Can I afford Cumberland?
To live comfortably in Cumberland (zip 23040), Virginia, a minimum annual income of
$44,640 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Cumberland?
Living in 23040 Cumberland, VA is fairly affordable. The cost of living index is estimated to be 7% lower than the national average. Renting a one-bedroom apartment averages around $650 per month while a three bedroom averages around $1,000. Groceries, utilities and transportation are also at very reasonable prices compared to other areas of the country. Overall, living in 23040 Cumberland, VA can be quite economical and make for a great place to live if you're on a budget.