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Cost of Living in Cumberland County

Is it better to rent or buy in Cumberland County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$45,555
$508/mo

Median in area: $508

$138,443

Median in area: $138,443

$27,689

If you Rent

🔑
$661 /mo
Base Rent$508
Est. Utilities$153
% of Income17.4%
Pre-tax Residual$3,135

If you Buy

🏠
$1,041 /mo
P&I (7.057%)$741
Taxes & Ins$147
Est. Utilities$153
% of Income27.4%
Pre-tax Residual$2,755

Compare Nearby Areas

See how Cumberland County stacks up against neighboring areas.

countyRussell County, KY
$678/mo
countyAdair County, KY
$729/mo
countyClinton County, KY
$608/mo
countyMetcalfe County, KY
$608/mo
countyMonroe County, KY
$649/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Cumberland County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Cumberland County. The estimated all-in monthly cost for renting is $661, while owning a median-priced home with a 20% down payment is roughly $1,041 per month (a difference of $380).

How much do utilities cost in Cumberland County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Cumberland County is approximately $153. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Cumberland County?›

To comfortably afford the median rent and utilities in Cumberland County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $26,440 per year.