Cumberland, VA County is an affordable place to live. The average two-bedroom rent is $950 which is much lower than the national average of $1,430. The Grocery Cost Index in Cumberland, VA County is 95 compared to 100 in the US, making groceries more affordable for its residents. The county offers a variety of businesses such as First Bank and Trust Company of Pulaski County, H D Adamson and Sons Inc, and Cumberland Valley Electric Cooperative Inc. for those who are looking to work or invest in the area.
Cumberland County has an unemployment rate of 5.6%. The US average is 6.0%.
Cumberland County has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Cumberland County
- The Sales Tax Rate for Cumberland County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cumberland County is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cumberland County
- The average income of a Cumberland County resident is $32,735 a year. The US average is $37,638 a year.
- The Median household income of a Cumberland County resident is $57,568 a year. The US average is $69,021 a year.