Cumberland Head, NY Economy


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Cumberland Head, NY is a small town in New York State located on the eastern shore of Lake Champlain. Despite its small size, Cumberland Head has plenty to offer visitors and residents alike. A two bedroom apartment rents for only $990 per month, making it a great choice for those looking for an affordable place to call home. Food costs are slightly higher than the US average at 105 versus 100, but there are plenty of local stores such as Lighthouse Grocery where you can find all of your essential groceries. Outside of its economic advantages, Cumberland Head also offers stunning views of the lake along with its own beach and a variety of outdoor activities like camping, fishing, and hiking. There are also plenty of restaurants and shops to explore throughout town.

Cumberland Head has an unemployment rate of 6.2%. The US average is 6.0%.

Cumberland Head has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.

Tax Rates for Cumberland Head
- The Sales Tax Rate for Cumberland Head is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cumberland Head is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Cumberland Head
- The average income of a Cumberland Head resident is $41,488 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland Head resident is $86,389 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCumberland Head, New YorkUnited States
  6.26
  -5.6%-6.2%
  25.2%33.5%
  8.0%6.2%
  6.2%4.6%
  $65,429$37,638
  $86,389$69,021
  $104,113$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.9%6.8%
  6.7%10.0%
  0.0%2.5%
  3.0%11.0%
  8.4%4.8%
  1.5%0.8%
  0.0%1.9%
  7.9%4.7%
  1.7%1.9%
  2.7%7.6%
  0.0%0.1%
  1.5%4.2%
  13.3%9.3%
  25.5%14.0%
  1.4%2.1%
  6.1%7.0%
  1.7%4.8%
  17.7%4.7%
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