The small town of Cumberland Gap, TN (37724) is a charming rural community with low-cost 2 bedroom rental homes available. The average 2 bedroom rent in Cumberland Gap is $740 compared to the US average of $1,430, making it an attractive place to live on a budget. Groceries are also cheaper in Cumberland Gap than the US average index; according to Cost of Living data, the area has an index score of 94 (compared to 100 in the US). Local companies offering rentals include Southern Comfort Properties and Skip's Rentals that provide access to short or long-term rental properties at a great value. Shopping for groceries is convenient too with a Walmart Supercenter and multiple local markets nearby.
Cumberland Gap (zip 37724) has an unemployment rate of 5.8%. The US average is 6.0%.
Cumberland Gap (zip 37724) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland Gap (zip 37724)
- The Sales Tax Rate for Cumberland Gap (zip 37724) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Cumberland Gap (zip 37724) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cumberland Gap (zip 37724)
- The average income of a Cumberland Gap (zip 37724) resident is $18,882 a year. The US average is $37,638 a year.
- The Median household income of a Cumberland Gap (zip 37724) resident is $30,487 a year. The US average is $69,021 a year.