equestId":"e6b72ee4-fc19-43ed-b710-2aade6f65a0d","resource":"content","data":[{"id":"txt_dcbb20fac6f5456a8fd50e47c04feeac","text":", and \nCumberland, KY is an idyllic mountain town located in Harlan County. With a population of 40823, it is a great place to call home. One of the biggest draws to this city is the low cost of living. The average two-bedroom rent here is just $610 compared to the US average of $1,430. Additionally, the grocery cost index in Cumberland is 91 versus 100 in the US. Local companies such as Cumberland Oil & Gas Co., Cumberland Valley Electric Coop., and Appalachian Outfitters provide a plethora of job opportunities for residents.
Cumberland (zip 40823) has an unemployment rate of 9.4%. The US average is 6.0%.
Cumberland (zip 40823) 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 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Cumberland (zip 40823)
- The Sales Tax Rate for Cumberland (zip 40823) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cumberland (zip 40823) 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 (zip 40823)
- The average income of a Cumberland (zip 40823) resident is $14,700 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland (zip 40823) resident is $31,591 a year. The US average is $69,021 a year.