Cumberland, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Cumberland, IN Summary

Cost of living in Cumberland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cumberland is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Cumberland is 93, with 100 being the average.

  • The cost of living index in Cumberland is 0.9x lower than the national average.

  • Cumberland ranks as the #88 cheapest in Indiana out of 124.

  • Cumberland ranks as the #2,137 cheapest out of 6,412 in the US.

  • The median home value in Cumberland is $168,000.

  • The median income in Cumberland is $73,079.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
93
Cumberland's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Cumberland, IN?

According to the most recent data on the cost of living, Cumberland has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.

Compared to Indiana, Cumberland has a cost of living index that's 1.0x higher than Indiana's index of 91.

The standard of living in Cumberland ranks as #88 most affordable out of the 124 places we measured in Indiana. By definition, that implies Cumberland ranks as the #36 most expensive place in the Hoosier State.

For more reading on life in Cumberland, check out:

88 out of 124
In Indiana
2,137 out of 6,412
In America

Cumberland Cost Of Living Vs. Indiana

Six factors go into calculating the cost of living index in Cumberland. Here is how it fairs on each of the criteria:

  • The Services index in Cumberland is 99.

  • The Groceries index in Cumberland is 95.

  • The Health index in Cumberland is 89.

  • The Housing index in Cumberland is 83.

  • The Transportation index in Cumberland is 93.

  • The Utilities index in Cumberland is 103.

Living Expense Cumberland Indiana National Average
Overall 93 91 100
Services 99 94 100
Groceries 95 96 100
Health 89 101 100
Housing 83 77 100
Transportation 93 95 100
Utilities 103 106 100
For more reading on cost of living around Indiana, check out:
Cumberland Cost of Living Vs. IN

Cumberland, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Cumberland is $168,000.

  • The Median Rent in Cumberland is $875.

  • The Median Income in Cumberland is $73,079.

  • The Home Value To Income in Cumberland is 2.3x.

  • The Rent To Monthly Income in Cumberland is 0.14x.

Statistic Cumberland Indiana United States
Median Home Value $168,000 $158,500 $244,900
Median Rent $875 $891 $1,163
Median Income $73,079 $61,944 $69,021
Home Value To Income 2.3x 2.6x 3.5x
Rent To Monthly Income 0.14x 0.17x 0.2x
Search Homes For Sale In Cumberland, IN
$168,000
Median Home Value
$875
Median Rent
$73,079
Median Income

Cumberland, IN Costs By Category

Detailed Cumberland Services Costs Vs. Indiana

Item Cumberland Indiana
Shampoo $1.03 $1.06
Movie $11.27 $10.68
Bowling $16.9 $14.67
Haircut $17.8 $18.62
Beauty Salon $37.63 $39.05

Detailed Cumberland Groceries Costs Vs. Indiana

Item Cumberland Indiana
Ground Beef $4.16 $4.22
Fried Chicken $1.37 $1.39
Milk $1.68 $2.05
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $8.71 $9.38
Toothpaste $2.02 $2.34

Detailed Cumberland Health Costs Vs. Indiana

Item Cumberland Indiana
Optometrist $65.9 $108.57
Doctor $88.25 $116.17
Dentist $92.92 $99.13

Detailed Cumberland Transportation Costs Vs. Indiana

Item Cumberland Indiana
Gasoline $2.12 $2.22
Tire Balancing $40.89 $50.07

Detailed Cumberland Utilities Costs Vs. Indiana

Item Cumberland Indiana
All Electricity $171.81 $167.67
Phone $184.27 $175.64

Cumberland SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
7
Affordability
8.5
Diversity
8
Safety
4
Amenities
8.5
Education
8.5
Commute
8

Cost Of Living In Cities Around Cumberland

The cost of living varies in the cities and towns around Cumberland. Here's a quick look at the cost of living in the most populous nearby places:

  • Indianapolis, IN has a cost of living index of 88, 0.9x Cumberland.

  • Carmel, IN has a cost of living index of 114, 1.2x Cumberland.

  • Noblesville, IN has a cost of living index of 98, 1.1x Cumberland.

City Population Cost Of Living Vs. Cumberland
Indianapolis, IN 880,104 88 0.9x
Carmel, IN 98,137 114 1.2x
Noblesville, IN 68,885 98 1.1x
Greenwood, IN 62,914 92 1.0x
Lawrence, IN 49,048 87 0.9x
Westfield, IN 45,695 103 1.1x
Greenfield, IN 23,024 88 0.9x
Beech Grove, IN 15,202 86 0.9x
McCordsville, IN 8,629 101 1.1x
New Whiteland, IN 5,565 91 1.0x

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