Cumberland, IA is a small town located in the Midwest region of the United States. It offers a relatively low cost of living compared to the national average, with an average two-bedroom rent of $800, and a grocery cost index of 93 versus 100 in the US. This makes it an attractive option for people looking for affordable housing and groceries. The town has some great local businesses, such as Jones' Lumber Supplies, Cumberland Laundromat, and The Flying Pig Saloon. Other popular attractions include the annual Cumberland County Fair and Country Music Festival held each September.
Cumberland has an unemployment rate of 4.1%. The US average is 6.0%.
Cumberland has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland
- The Sales Tax Rate for Cumberland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cumberland is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cumberland
- The average income of a Cumberland resident is $15,712 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland resident is $41,250 a year. The US average is $69,021 a year.