Cumberland Hill, RI is a beautiful place to call home. It offers an array of outdoor activities and entertainment options for residents to enjoy. The cost of living in Cumberland Hill is slightly lower than the national average as evidenced by the 2 bedroom rent being $1,390 compared to $1,430 across the US. Additionally, the local grocery cost index is 107 compared to 100 across the US.
The area has a variety of local businesses that provide quality services and products including Ace Hardware, Cumberland Farms, Twin Rivers Farm Store and more. These companies offer residents convenient shopping options with great value and prices. Overall, Cumberland Hill is a great place to live with its low cost of living and abundance of local stores.
Cumberland Hill has an unemployment rate of 7.7%. The US average is 6.0%.
Cumberland Hill has seen the job market decrease by -8.8% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland Hill
- The Sales Tax Rate for Cumberland Hill is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cumberland Hill 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 Hill
- The average income of a Cumberland Hill resident is $41,262 a year. The US average is $37,638 a year.
- The Median household income of a Cumberland Hill resident is $106,827 a year. The US average is $69,021 a year.