Cumberland, RI is a small town located in the state of Rhode Island. With a population of over 33,000 people, Cumberland offers affordable rent compared to other parts of the US, with an average two bedroom rent at $1,390. Additionally, grocery costs are slightly cheaper than average at 107 index points versus the US's 100. There are many local businesses located in Cumberland such as Beaches Market & Deli, Rocky Point Restaurant and D’Angelo Grilled Sandwiches. There are also numerous parks and recreational areas which make it a great place for outdoor activities such as jogging, tennis and golfing. Overall, Cumberland is an ideal place to live for people on a budget or those who love being surrounded by nature.
Cumberland has an unemployment rate of 6.1%. The US average is 6.0%.
Cumberland has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, 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 3.8%. 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 $37,190 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland resident is $104,613 a year. The US average is $69,021 a year.