Cumberland cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCumberlandIndianaNational
Cost of living index9188100
IndexCumberlandIndianaNational
Goods & Services index9895100
Groceries index9492100
Health care index9995100
Housing index8273100
Transportation index9293100
Utilities index9193100
The above illustration supplies generalized information for the Cumberland, IN cost of living index. Compared to other cities in Indiana and cities across the country, the cost of living index in Cumberland, IN is 91, which is 4% higher than the Indiana average and 9% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Cumberland, IN are 3% higher than the average for Indiana and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Cumberland is 4% higher than the Indiana average.
  • The cost of living in Cumberland is 9% lower than the national average.
  • The cost of housing in Cumberland is 18% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Cumberland, IN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Cumberland, IN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Cumberland, IN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,302$5,525$1,547$1,989
Renters$37,885$3,157$884$1,137
The affordability of the housing market in Cumberland, IN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Cumberland, IN homeowners, the median income is $66,302. This indicates that a monthly maximum of $1,547 should be spent by homeowners on all housing related costs. Renters have a median income of $37,885. This indicates that renters should have a maximum of $884 used for their rent related monthly costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
The Indiana sales tax and Indiana income tax rates should definitely be considered when determining the overall cost of living in Cumberland, IN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Indiana sales tax is 7% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Indiana income tax rates range from 3.3% to 3.3%.

Goods & Services

ItemCumberlandNational avg.Difference
Haircut $19.60$14.5934.3%
Beauty Salon $29.80$34.6814.1%
Toothpaste $2.34$2.475.4%
Shampoo $1.03$1.020.8%
Movie $10.53$9.876.7%
Bowling $4.30$4.392.1%

Groceries

ItemCumberlandNational avg.Difference
Ground Beef $4.34$4.483.1%
Fried Chicken $1.18$1.4619.4%
Milk $1.96$2.3616.8%
Potatoes $2.86$3.066.6%
Pizza $8.99$9.242.7%
Beer $7.98$8.637.6%

Health Care

ItemCumberlandNational avg.Difference
Optometrist $84.30$99.7815.5%
Doctor $96.50$105.038.1%
Dentist $87.80$88.701.0%
Ibuprofen $8.69$9.417.7%
Lipitor $335.04$298.5012.2%

Housing

ItemCumberlandNational avg.Difference
Home Price $145,200.00$175,700.0017.4%
Avg. Mortgage Payment $821.91$1,081.0324.0%
Apartment Rent $739.00$920.0019.7%

Transportation

ItemCumberlandNational avg.Difference
Gasoline $2.01$2.093.9%
Tire Balancing $36.41$45.2919.6%

Utilities

ItemCumberlandNational avg.Difference
All Electricity$156.80$170.808.2%
Phone $25.68$28.269.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Fairland, IN33482-18%
Morristown, IN1,32984-16%
Beech Grove, IN14,30185-15%
Fortville, IN4,05588-12%
Ingalls, IN2,15288-12%
Cumberland, IN5,24391-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Batesburg-Leesville, SC5,24289-11%
Calistoga, CA5,24414040%
Livingston, TX5,24582-18%
New Hempstead, NY5,24014545%
Somerdale, NJ5,24611010%
Cumberland, IN5,24391-9%
Source: The Cumberland, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.