23040 Cumberland, VA is a great place to live. With an average 2 bedroom rent of $970, the cost of living is significantly lower than the US average of $1,430. The Grocery Cost Index in this area is 96 versus 100 in the US. This means that food costs considerably less than in other parts of the country. Additionally, 23040 Cumberland, VA has a variety of local companies and amenities for residents to enjoy. Companies such as Cumberland Community Center, T & D Discount Grocery Store and Cumberland Discount Farm Supply offer a range of products and services to suit everyone's needs. Residents can also enjoy multiple outdoor recreation activities thanks to nearby parks like Cove Creek Park or Ralphine Natural Area, as well as unique shops along Main St. 23040 Cumberland, VA provides everything needed for a peaceful and comfortable life.
Cumberland (zip 23040) has an unemployment rate of 5.6%. The US average is 6.0%.
Cumberland (zip 23040) has seen the job market increase by 2.2% 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 (zip 23040)
- The Sales Tax Rate for Cumberland (zip 23040) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cumberland (zip 23040) 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 23040)
- The average income of a Cumberland (zip 23040) resident is $22,487 a year. The US average is $28,555 a year.
- The Median household income of a Cumberland (zip 23040) resident is $55,491 a year. The US average is $69,021 a year.