Cumberland City, TN is a great place to live with affordable rent compared to the US average. Rent for two-bedroom apartments in Cumberland City averages around $880 compared to the US average of $1,430, making it an attractive option for those looking for more bang for their buck. The area also has a lower than average Grocery Cost Index of 93 versus 100 in the US. This indicates that food items here are cheaper than elsewhere in the country.
Cumberland City is home to many wonderful companies such as Cumberland Electric Membership Corporation and M & W Logging Company that offer visitors and locals alike great opportunities for employment or service. Attractions like Fort Blount State Park provide outdoor activities like camping, fishing, and horseback riding while the Bledsoe Creek State Park offers plenty of hiking trails and boating opportunities on its lake.
Cumberland City has an unemployment rate of 5.6%. The US average is 6.0%.
Cumberland City has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland City
- The Sales Tax Rate for Cumberland City is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Cumberland City is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cumberland City
- The average income of a Cumberland City resident is $13,571 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland City resident is $30,947 a year. The US average is $69,021 a year.