21502 Cumberland, MD is a great place to live if you're looking for a low cost of living. The average two bedroom rent in the area is $820, significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in 21502 Cumberland is 101 compared to 100 in the US meaning groceries are slightly more expensive. Local companies that offer employment opportunities include Tyson Foods, Inc., DMM Mining Company and the Allegany County Government. In addition to these larger employers there are also many small local businesses such as restaurants, retail stores and service providers that bring vibrancy and economic opportunity to this community.
Cumberland (zip 21502) has an unemployment rate of 6.9%. The US average is 6.0%.
Cumberland (zip 21502) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland (zip 21502)
- The Sales Tax Rate for Cumberland (zip 21502) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cumberland (zip 21502) 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 (zip 21502)
- The average income of a Cumberland (zip 21502) resident is $21,580 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland (zip 21502) resident is $53,122 a year. The US average is $69,021 a year.