Cumberland, MD Metro Area is a great place to live. The cost of living is slightly below the national average, with 2 bedroom rent in the area coming in at $840 per month compared to $1,430 across the US. The grocery cost index in Cumberland is also lower then the national average, at 101 versus 100 in the US. The area has plenty of local amenities such as restaurants, shopping centers and parks for recreational activities. There are also several well-known companies located in Cumberland such as Allegany County Public Schools, Fort Hill Medical Centers and Allegany Regional Airport. All of these factors contribute to making Cumberland a great place to call home while still being able to enjoy all the benefits of living in a bigger city.
Cumberland Metro Area has an unemployment rate of 6.5%. The US average is 6.0%.
Cumberland Metro Area has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland Metro Area
- The Sales Tax Rate for Cumberland Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cumberland Metro Area is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cumberland Metro Area
- The average income of a Cumberland Metro Area resident is $20,941 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland Metro Area resident is $52,738 a year. The US average is $69,021 a year.