Cumberland, IN is an attractive small town located in Marion County, Indiana. It’s a great place to live for those looking for a quiet lifestyle with plenty of amenities nearby. The cost of living in Cumberland, IN is lower than the national average with the average 2 bedroom rent being $1,040 versus $1,430 across the U.S., and a Grocery Cost Index of 94 compared to 100 in the US. Local companies include C&H Electric Inc., Cumberland Chiropractic Clinic and Therese's Country Corner Store. There are also several local schools such as Cumberland Elementary School and Hamilton Heights High School. All in all Cumberland is a great place to live with its low cost of living and local businesses that offer everything from auto body repair to groceries.
Cumberland has an unemployment rate of 3.5%. The US average is 6.0%.
Cumberland has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher 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 4.8%. 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 $35,247 a year. The US average is $37,638 a year.
- The Median household income of a Cumberland resident is $73,079 a year. The US average is $69,021 a year.